Kongsberg Automotive (KA) Powertrain & Chassis (P&C) business segment has
extended two contracts for shift systems within Driveline.
The awards are worth:
· EUR 26.8 million in estimated lifetime revenue
· EUR 18.2 million in estimated lifetime revenue
These three-year contract extensions are awarded to KA by key customers within
passenger cars. KA's Vrable plant in Slovakia, and Cluses plant in France will
be involved in the production.
"This system will provide our customers with comfortable, high quality and
complete shift systems," says David Redfearn, Chief Sales Officer, adding, "The
extension of this contract is a positive result of many years of our
relationship with the customer, demonstrating product reliability, quality and
confidence in our products and systems."
Investor and media relations:
Mads Langaard
mads.langaard@ka-group.com
+47 905 81 264
About Kongsberg Automotive ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle
industry. We drive the global transition to sustainable mobility by putting
engineering, sustainability, and innovation into practice. Our product portfolio
includes driver and motion control systems, fluid assemblies, and industrial
driver interface products. Find more information
at: kongsbergautomotive.com (https://www.kongsbergautomotive.com/)