1、Annual Report2007A Breakthrough Year2 KONGSBERG AUTOMOTIVE ANNUAL REPORTINTRODUCTION 2007 was a year of change and expansion for Kongsberg Automotive.We completed a major strategic acquisition that dramatically in-creased the companys scale and capabilities.The acquisition of Global Motion Systems(G
2、MS)expanded both our product range and our geographic horizons.Kongsberg Automotive now has the solid platform and infrastructure it needs to pursue additional growth in the future.The obvious reason for the acquisition was the good industrial fit between our activities.By combining forces we can st
3、rengthen our leading positions in core market segments.A great opportunity lies before us.The two organizations already manufacture complementary products.Our task now is to combine our resources in the best possible manner.By bringing together skilled people and unleashing their talents in a coordi
4、nated way,we will enhance our global reputation for quality and consolidate our position as the preferred partner for our customers.Our newfound strength will let us reach out to more customers than KA and GMS ever could have done separately.Just as im-portant,we will be better equipped to serve our
5、 old friends in the industry and the valued new customers.Our customers are the ultimate beneficiaries of the efficiencies of scale,geography and expertise that we fully expect to realize.So welcome to the new KA.I am confident that our merger will drive future growth and profitability to the best o
6、f all our stake-holders.Olav VolldalCEOKongsberg Automotive Holding ASAA BREAKTHROUGH YEAR3KONGSBERG AUTOMOTIVE ANNUAL REPORTCONTENTSContentsIntroduction 022007 In Brief 04The New Company Global Footprint 06 Business Areas 08 Product Range 10 Visual Profile 12Directors Report 14Financials 22Auditors