KEY CONTRACT WIN FOR DRIVELINE SYSTEMS IN EUROPEAN MARKET WORTH 44 MEUR
Kongsberg Automotive (KA) has been awarded the supply of the complete manual gear shifter system for a major European OEM.
The shifter system will be used in light commercial vehicle segment which will be sold in Europe and possibly later also in the emerging markets.
The contract has a total value of 44 MEUR over 11 years. Production supply will start in H1 2016 out of our Vrable facility in Slovakia.
“We are very pleased to confirm our continuous growth path in the market place. 2013 will be our best year so far with regards to securing new business ”, says EVP for Driveline Joachim Magnusson.
“The nominations this year are the result of a very systematic market approach were we have demonstrated the full gear shift system capability of Kongsberg Automotive and won the customers confidence”, says VP Global Sales & Marketing for Driveline Ian van Duijvenboode.
Hans Peter Havdal, CEO
Phone: +47 32770520. Mobile: +47 92065690
Investors / analysts:
Philippe Toth, Vice President M&A / Investor Relations
Phone: +4732770503. Mobile: +47 98214021
About Kongsberg Automotive:
Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. Kongsberg Automotive's business has a global presence. With revenues of close to EUR 1.0 billion and approximately 10.000 employees in 20 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Kongsberg, Norwayand has 32 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