Kongsberg Automotive wins a EUR 20 million (NOK 154 million) contract with a major Heavy Duty Truck manufacturer
Driver Control Systems (DCS) is pleased to announce a further EUR 20 million of new business with one of the global leading manufacturers of Heavy Duty Trucks.
The contract is for supply to the South American market and the delivery includes Clutch Actuation products, Gearshift Systems and Cabin Stabilizers. Kongsberg Automotive will start deliveries late during quarter 4 in 2013 and over the next 5 years. The total lifetime value of the contract is EUR 20 million. All of these Driver Control products will be manufactured with the existing capacities within the company. The contract is an example of KA’s important growth in the BRIC markets.
“The global reach of our Driver Control Systems products and services provides our customers a comprehensive product offering right at their local door step” says Håkon Amundsen, VP of Sales. “These contracts are following our strategy to globalize our main product areas, following our strategic customers and utilizing the global footprint of Kongsberg Automotive. Our local Customer Focus Team in Brazil is offering excellent service and support to secure this business being a success” continues Trond Fiskum, EVP of European and South American operations.
Hans Peter Havdal, CEO
Phone: +47 32770520. Mobile: +47 92065690
Investors / analysts:
Philippe Toth, Vice President, M&A / Investor Relations
Phone: +4732770503.Mobile: +4798214021
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