Kongsberg Automotive concludes sale light duty cables business to Suprajit Engineering
Kongsberg Automotive and Suprajit entered into a definitive agreement and closed the deal for USD41.4 million
Kongsberg Automotive has completed the sale of its Light Duty Cables (LDC) business unit to line cable manufacturer, Suprajit Engineering Limited, according to a press release on 6 April 2022. In October 2021, Kongsberg Automotive and Suprajit entered into a definitive agreement, and the deal closed on 6 April 2022 for EUR37.7 million.
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