Kongsberg Automotive wins contract extensions worth EUR 147 million in estimated lifetime revenue
Zurich, January 18, 2024: Kongsberg Automotive (KA)’s Vehicle Dynamics portfolio has been awarded contract extensions worth EUR 147 million in estimated lifetime revenue. These three-year contracts start in 2024 and are awarded to KA by a leading global manufacturer of commercial vehicles. The contracts are for: 1. V-stay (Rear Axle Suspension): It is one of the main parts of the suspension, essential to control the axle, enhance safety, and ensure driving comfort and is assembled between the axle and chassis. The award is worth EUR 76 million in estimated lifetime revenue. KA’s