Brief: Kongsberg Automotive Merges Units

Kongsberg Automotive ASA

02/09/2022 09:50

Sept 2 (Reuters) - Kongsberg Automotive ASA  KOA.OL :
    * MERGES FLUID TRANSFER SYSTEMS AND COUPLINGS BUSINESS UNITS
    * HAS MERGED FLUID TRANSFER SYSTEMS (FTS) AND COUPLINGS
BUSINESS
UNITS TO CREATE A NEW 'FLOW CONTROL SYSTEMS' BUSINESS UNIT
    * AIM OF MERGER IS TO MODERNIZE CO'S PRODUCT PORTFOLIO, WITH
AIM
TO INCREASE PROFITS TOWARDS DOUBLE-DIGIT MARGIN BY 2024/25

Source text for Eikon:  ID:nObippKSja 
Further company coverage:  KOA.OL 

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