Kongsberg Automotive awarded seat support business worth EUR 34 million (NOK 318 mill.)

Kongsberg Automotive has been awarded the supply of seat support systems to a major German car maker’s E-segment line of SUVs with production in North America.

The contract is worth an estimated EUR 34 million (NOK 318 million) over its lifetime. Production is scheduled to start in the third quarter of 2018 from KA's facility in Reynosa, Mexico.

The seat support systems are part of our Seat Comfort growth platform where KA offers a unique range of comfort systems.

“Kongsberg Automotive has supplied this customer with seat support systems for a number of years. This nomination builds upon recent awards of seat support systems and further strengthens our long-term partnership,” said Thomas Lee, Vice President of Sales and Market for Kongsberg Automotive’s Interior Business Area. “We have maintained our long term relationship with this customer due to our continued drive to supply the best seat support products in the market and to provide premium customer service Thomas Lee added.

Media:

Fredrik Tangeraas, Director, Corporate Communications

Phone: +47 32 77 05 35; Mobile: +47 92464699

Investors / analysts:

Philippe Toth, EVP, Business development & Investor Relations

Phone: +47 32 77 05 03; 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. With revenues of of EUR 1.0 billion and 10.000 employees in 18 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Kongsberg, Norway and has 30 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

About Us

Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. With revenues of approx. EUR 1.0 billion and 10.000 employees in 18 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Zürich, Switzerland and has 30 production facilities worldwide. The product portfolio includes seat comfort systems, powertrain control systems and advanced fluid handling systems developed for global vehicle manufacturers. Find more information at www.kongsbergautomotive.com

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