KEY CONTRACT WIN WORTH 54 MEUR (416 MNOK) FOR KONGSBERG AUTOMOTIVE DRIVELINE IN EUROPEAN AND ASIAN MARKET
The contract has a total value of 54 MEUR (416 MNOK) over 3 years, and production supply will start progressively from 2013 in three different KA facilities:
- Cluses (France)
- Gurgaon (India)
- Wuxi (China)
“KA’s nomination for this gear selector system builds on our current track record with this customer and demonstrates our ability to meet the increasing demand for products to be supplied to the same high standard in multiple locations globally”, says Joachim Magnusson, Executive Vice President for the Driveline business area in KA. “This contract will support our profitable global growth within this area”, adds Magnusson.