Kongsberg Automotive's Couplings business unit has won a contract with a leading
Asian car and commercial vehicle manufacturer worth EUR 32 million in estimated
lifetime revenue, and average annual revenue of EUR 5.3 million.
The secured contract for the Raufoss ABC System for compressed air offers
optimal air system that reduces braking distance, decreases weight, and
increases the payload. The versatile and releasable system components provide
the lowest possible lifetime cost for the vehicle owner, reducing emissions, and
saving energy.
This five-year contract starts in 2021 and will cover heavy-duty and medium-duty
trucks, buses, and electric vehicles manufactured in several Asian countries.
Kongsberg Automotive's Raufoss (Norway), Wuxi (China), and Yangsan (South Korea)
facilities will supply the products.
"This is a significant step towards the growth of Couplings in Asia, and we are
proud to announce that our client will use the Raufoss ABC System for all
vehicle platforms to meet their own needs, as well as the requirements of their
customers in the future," says Linda Nyquist-Evenrud, Senior Vice President
Couplings, adding, "Our client's ambition to grow within the battery-electric,
and fuel cell driven vehicles are important to us as the Raufoss ABC System can
and fully support the new green technology requirement within the automotive
business."
Media
contact
Therese Sjöborg
Skurdal
therese.skurdal@ka-group.com (therese.skurdal@ka
-group.com?subject=Kongsberg%20Automotive%20awarded%20contract%20worth%20EUR%2027
.2%20million%20estimated%20lifetime%20revenue%20)
Investors/analyst contact
Jakob Bronebakk
jakob.bronebakk@ka-group.com (jakob.bronebakk@ka
-group.com?subject=Kongsberg%20Automotive%20awarded%20contract%20worth%20EUR%2027
.2%20million%20estimated%20lifetime%20revenue%20)
About Kongsberg Automotive ASA
Kongsberg Automotive provides world-class products to the global vehicle
industry. Our products enhance the driving experience, making it safer, more
comfortable, and sustainable. With approximately 11,000 employees in 19
countries, Kongsberg Automotive is truly a global supplier. The company has more
than 27 production facilities worldwide. The product portfolio includes seat
comfort systems, driver and motion control systems, fluid assemblies, and
industrial driver interface products developed for global vehicle manufacturers.
Find more information at www.kongsbergautomotive.com