MAJOR CONTRACT WIN WORTH EUR 181 MILLION (NOK 1,330 MILLION)
Kongsberg Automotive (KA) has signed a contract worth EUR 181 million (NOK 1,330 million) with a major European OEM for the supply of automatic gear shifters and shift by wire systems to 6 different car models on a new platform in the period between 2015 and 2024.The shifters will be used in C, D and E Segment premium cars to be sold in Europe, North America and Asia. Production for global deliveries will begin out of KAs production facility in Mullsjö, Sweden and is likely to be expanded into Asia during the contract period. This win follows the historically large contract KA won for