Zurich, December 21, 2023: Kongsberg Automotive (KA) has been awarded a new
contract worth EUR 205 million in estimated lifetime revenue for Gear Control
Unit product.
KA's Gear Control Unit automizes the gear shift functionality in heavy-duty
trucks. With integrated actuators on the transmission and operated by compressed
air, controlled with electrically operated valves, the gearshift operation is
performed in a precise way with comfort for the driver and efficiency for
improved fuel consumption. In addition to the mechanical unit with several
actuators and shift forks, the electronics and sensors are also part of the
scope.
This nine-year contract secured by KA is a result of a close collaboration
between KA's three Tech Centers-Norway, Canada, and China. KA's Wuxi, China
plant will supply the product to the leading heavy-duty truck manufacturer based
in China.
"KA is proud to win this significant Automated Manual Transmission contract,"
says David Redfearn, KA's Chief Sales Officer, adding, "This contract nomination
proves, once again our capabilities in developing and industrializing commercial
vehicle powertrain applications. Winning this with one of the biggest OEMs in
China is an important step to gain more market share where we still see further
growth opportunities."
Media and communications contact:
Therese Sjöborg Skurdal - Director Corporate Communications
therese.skurdal@ka-group.com
+47 982 14 059
Investor Relations contact:
Mads Langaard - Head of Investor Relations
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