Kongsberg Automotive plans to acquire 20% equity stake in Chassis Autonomy
The technology will allow vehicle manufacturers to incorporate the developed steer-by-wire technology in Level 3 autonomous vehicles
According to a press release dated June 19, Kongsberg Automotive (KA) said that it has entered into a nonbinding agreement with Chassis Autonomy, to acquire a 20% equity stake in the company combined with call options to acquire up to 100% of the shares (proposed transaction).
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