Kongsberg Automotive wins contract worth EUR 58 million in estimated lifetime revenue
Kongsberg Automotive’s Fluid Transfer Systems (FTS) business unit has secured a contract worth EUR 58 million in estimated lifetime revenue and average annual revenue of EUR 14.5 million. The four-year contract covers Kongsberg Automotive’s Fluoro-Comp® hose, and stainless-steel braided PTFE brake lines for a global automotive Tier 1 supplier based in North America. The Fluoro-Comp® hose is a non-metallic reinforced PTFE hose used for applications, which require low weight and tight packaging. It can withstand extreme temperature capabilities and burn-through resistance and gives