KA wins new contract with European truck manufacturer worth EUR6 million (NOK56 million)
Kongsberg Automotive’s Fluid Transfer business area has been awarded a contract worth an estimated total of EUR 6 million (NOK56 million) for the ABC air brake connector range with one of Europe’s major truck manufacturers.
Production under the contract will commence later this year from Kongsberg Automotive’s Raufoss facility in Norway with sales value expected to be in the region of EUR1.2 million per year over five years.
The ABC connector range is a light weight safety-critical component that enables truck brake systems to be routed and assembled in the most efficient manner saving both time in design and assembly.
“This is our first award with this particular customer, and is another example of the global market moving towards our composite high tech solutions for air brake systems. We will continue to work on future generations of the ABC system to ensure we continue to lead this exciting market” said David Redfearn, Vice President Sales Fluid Transfer Systems at Kongsberg Automotive.