Driveline contracts from European OEM worth EUR 75 million (NOK 684 mln)
Kongsberg Automotive’s Driveline business area has been awarded a contract for the supply of manual shifter systems worth an estimated total of EUR 75 million (NOK 684 million) over its lifetime.
The contract is for manual shifter systems to be used in the next generation of vans/multi-purpose vehicles from the brands of a major European OEM.
The shifters will be manufactured at Kongsberg Automotive’s production facility in Vrable, Slovakia. Production supply under the contract is scheduled to start in the first quarter of 2018 and last until 2027.
“We’re delighted with this significant contract award which shows that Kongsberg Automotive offers attractive solutions and real value to our customers and a production footprint to match their needs,” said Joachim Magnusson, Executive Vice President of Kongsberg Automotive’s Driveline business.