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03.07.25 - 10:36
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Kongsberg Automotive ASA – Vesting and exercise of Restricted Stock Units and Performance Stock Units by primary insiders (Cision)
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Kongsberg, July 3, 2025: Kongsberg Automotive releases 1.96 million treasury shares to settle the Long Term Incentive (LTI) 2022 Program. The LTI 2022 Program was approved in the General Annual Meeting on June 2, 2022.
Transactions of treasury shares related to the 2022 LTI vesting period will commence today. This includes primary insiders as well as non-primary insiders.
The following primary insiders will receive vested Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) from the LTI Program:
Jon Munthe, primary insider and General Counsel has vested RSUs and PSUs...
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03.07.25 - 08:01
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Kongsberg Automotive announces EUR 15 million annual overhead cost reduction initiative (Cision)
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Kongsberg, July 3, 2025: Kongsberg Automotive (KA) has finalized an overhead cost reduction plan expected to yield annual savings of EUR 15 million. The initiative, announced during the company's Q1 presentation on May 7, 2025, is part of KA's efforts to improve financial performance. This overhead cost reduction initiative comes in addition to the previously announced cost adjustment program.
Approximately 150 positions will be affected by the ongoing plan. Implementation began in May 2025, with most actions scheduled for completion within this year. Some aspects of the program will...
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26.06.25 - 11:06
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Development plan for Fram Sør submitted (Cision)
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Sandnes, Norway, 26 June 2025: Vår Energi and its partners in the Fram licence, Equinor and INPEX Idemitsu, have submitted the plan for development and operation (PDO) for the Fram Sør project in the North Sea. Production is scheduled to start at the end of 2029.
The Fram partners will invest more than NOK 21 billion (USD 2.2 billion) in the subsea project, operated by Equinor. Recoverable reserves are estimated at 116 million barrels of oil equivalent (mmboe) gross, of which 75% is oil and 25% gas.
"Fram is a prosperous area on the Norwegian Continental Shelf (NCS), providing...
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23.06.25 - 09:24
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Vår Energi awards contract to Aibel AS (Cision)
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Sandnes, Norway, 23 June 2025: Vår Energi ASA (OSE:VAR) has awarded a maintenance and modification (M&M) contract to Aibel AS. The contract covers deliveries and services related to the Goliat and Gjøa fields.
On behalf of the partners in the Goliat and Gjøa licences, Vår Energi has awarded Aibel AS a five-year maintenance and modification (M&M) contract. Contract value is estimated to be around NOK 1.2 billion.
Increased cost levels and lower productivity on the Norwegian continental shelf are common industry challenges, and Vår Energi has therefore been particularly focused on...
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23.06.25 - 08:06
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Vår Energi confirms first production through Jotun FPSO (Cision)
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Sandnes, Norway, 23 June 2025: Vår Energi today successfully started production through the Jotun FSPO. This marks the start of a new era for the Balder field in the North Sea, extending the life of the first production licence, PL001, on the Norwegian Continental Shelf, adding high value barrels towards 2045 and beyond.
By bringing the Jotun FPSO onstream, production is expected, within three to four months after start-up, to increase by approximately 80 thousand barrels of oil equivalent per day (kboepd) gross, on top of the current production of approximately 30 kboepd gross through...
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23.06.25 - 08:01
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Vår Energi awards contract to Aibel AS (Cision)
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Sandnes, Norway, 23 June 2025: Vår Energi ASA (OSE:VAR) has awarded a maintenance and modification (M&M) contract to Aibel AS. The contract covers deliveries and services related to the Goliat and Gjøa fields.
On behalf of the partners in the Goliat and Gjøa licences, Vår Energi has awarded Aibel AS a five-year maintenance and modification (M&M) contract. Contract value is estimated to be around NOK 1.2 billion.
Increased cost levels and lower productivity on the Norwegian continental shelf are common industry challenges, and Vår Energi has therefore been particularly focused on...
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17.06.25 - 10:06
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Allgon group Appoints Linda Nyquist-Evenrud as New Group CEO (Cision)
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Allgon Group announces today the appointment of Linda Nyquist-Evenrud as the new Chief Executive Officer of Allgon Group. She will assume the role on September 1, 2025, succeeding Ola Samelius, who will retire in 2026 after many successful years with the company. The recruitment process began in the autumn of 2024 as part of the company's long-term strategic planning.
Linda most recently served as CEO of Kongsberg Automotive, where she had a long and successful career with over 15 years of experience in various leadership roles within the company's global organization. Since joining in 2008,...
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12.06.25 - 13:48
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Oppdatering vedrørende uakseptabelt videresalg av våre varer (Cision)
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Kongsberg, 12 juni 2025: Som tidligere informert, er Kongsberg Automotive (KA) blitt gjort kjent med at deler til kjøretøy produsert av selskapet har funnet veien til det russiske markedet gjennom videresalg i ettermarkedet. Dette videresalget er sterkt beklagelig, uakseptabelt og i strid med våre verdier.
Ansvarlighet, åpenhet og ærlighet er blant KAs kjerneverdier. KA tar ansvar og har erkjent at det er ting vi kunne gjort bedre og har igangsatt en rekke tiltak. Vi ønsker å dele erfaringene våre og de tiltakene vi har gjort i forbindelse med denne saken, med håp om at dette også kan...
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11.06.25 - 08:01
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Kongsberg Automotive appoints Thomas Danbolt as Executive Vice President of Flow Control Systems business area (Cision)
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Kongsberg, 11 June, 2025: Kongsberg Automotive (KA) is pleased to announce the appointment of Thomas Danbolt as Executive Vice President (EVP) of the Flow Control Systems (FCS) business area (BA). Thomas starts no later than October 1, 2025, and will be based at KA's Raufoss facility, Norway.
Thomas brings prior valuable experience from KA as Plant Manager at the key Raufoss facility. He has held various leadership positions in Nammo and currently serves as the Managing Director at Saferoad Traffic.
Thomas has a proven track record in change management, organizational development, and...
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02.06.25 - 08:06
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Kongsberg Automotive implements organizational and leadership changes aimed at improving business performance (Cision)
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Kongsberg, June 2, 2025: Kongsberg Automotive (KA) announces changes to the company's organizational and leadership structure, aimed at enhancing business performance, operational efficiency and accountability across the company.
Key changes include:
· Strengthening of the two business areas (BA) Drive Control Systems (DCS) and Flow Control Systems (FCS) to include full business and P&L responsibility with all key functions integrated. With the expanded scope of responsibility for the BA Executive Vice President (EVP) positions, we announce the following changes:
· EVP DCS...
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27.05.25 - 11:54
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Mandatory Notification of Trade - Primary Insiders (Cision)
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Kongsberg, May 27, 2025: Volldal Invest AS owned by Olav Volldal, Chairman and primary insider of Kongsberg Automotive ASA, has on May 27, 2025, purchased 357,232 shares in the company at an average price of NOK 1.604. After the purchase, Olav Volldal holds 400,000 shares in Kongsberg Automotive ASA.
This information was disclosed in accordance with Article 19 of the EU Market Abuse Regulation and Section 5-12 of the Norwegian Securities Trading Act.
Media and Communications contact:
Therese Sjöborg Skurdal - Director Group Marketing and Communications
therese.skurdal@ka-group.com...
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