KONGSBERG AUTOMOTIVE WINS EUR 7.1 MILLON (NOK 53 MILLION) CONTRACT WITH A GLOBAL TRUCK MANUFACTURER
Kongsberg Automotive (KA) has been awarded a contract for the supply of
gearshift systems to a global commercial vehicle manufacturer. The
contract has a total value of EUR 7.1 million (NOK 53 million) and will
run for 5 years.
The gearshift systems will be developed for a new line of medium truck
models produced in Europe. Start of supply will be in 2013 from KA's
production facility in Vrable, Slovakia.
"Our system competence is what enables us to develop gearshift solutions
that enhance the driving comfort and provides for end customer
satisfaction. Ultimately, that has secured our global leading position
within gearshift systems for commercial vehicles - an exciting area were
we see further opportunities for growth", says Trond Fiskum, EVP for
Actuation & Chassis in KA.
Hans Jørgen Mørland, Director of Corporate Communications
Phone: 4732770511. Mobile: 4794863570
Investors / analysts:
Philippe Toth, Director, M & A / Investor Relations
Phone: 4732770503. Mobile: 4798214021
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 11.000 employees in 20
countries, Kongsberg Automotive is truly a global supplier. The company
is headquartered in Kongsberg, Norway and 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