ROSWELL, Ga. (April 24, 2013) – LOFA Industries, Inc., announced that it entered into a collaboration agreement with Kongsberg Automotive (KA) headquartered in Kongsberg, Norway to market LOFA Control Panels throughout Europe.
Kongsberg Automotive has a global presence with annual sales exceeding $1.3 billion dollars. The company has over 10,000 employees in 20 countries. Its product portfolio includes: seat comfort systems, driver and motion control systems, fluid assemblies and industrial driver interface products developed for global vehicle manufacturers.
The collaboration agreement stems from LOFA’s continuing relationship with KA which provides its KAntrak programmable displays for LOFA control panels. Kongsberg Automotive’s display technology helps make LOFA control panels compatible with and adaptable to all major commercial engine brands.
As a result of the agreement, KA will directly manage LOFA sales and distribution within the region through the business area Driver Control Systems. Efforts began at the recent BAUMA show where KA displayed LOFA Control Panels with their KAntrak products.
“This is an exciting cooperation effort between two synergistic market leaders that is sure to provide superior value to our customers,” said Jim Ryan, Executive Vice President of Kongsberg Driver Control Systems. “The potential for sales growth is significant and we believe the LOFA products bring an extension to our product offering that will benefit our existing customers as well as provide new opportunities to expand our controls business.”
LOFA industries CEO Stephen Rary added: “LOFA is excited to further develop our relationship with KA in the European market in an effort to strategically grow our business geographically. With the Kongsberg Automotive brand name recognition and European sales and distribution footprint, this is a tremendous opportunity for both companies to achieve significant European market penetration in the off-highway segment.”
LOFA Industries, Inc. is a leading manufacturer of advanced engine controls and accessories for both mechanically-governed and CANbus based J1939 electronically governed engines. Its controls utilize advanced semiconductor and microprocessor technology to monitor and control engines used in applications such as: dewatering, irrigation, forestry, construction, power generation, and a variety of other off-highway applications.