Fluid Transfer contracts in North America worth EUR 24 million (NOK 199million)

Kongsberg Automotive’s Fluid Transfer business area has secured contract awards totalling EUR 24 million (NOK 199 million) from the North American truck, bus and passenger car Automotive markets.

Kongsberg Automotive will supply one of North America’s largest manufacturers of heavy duty trucks with our high temperature fluid assembly portfolio that transfers oil, air and water around the latest generation engines. The estimated total value of this award is EUR19 million, with supply to begin in 2014 and continue through 2018.

Also, Kongsberg Automotive secured an agreement to supply our high temperature fuel lines, Fluorocomp®, to one of the world’s largest providers of fuel systems for passenger cars. The estimated total value of this award is over EUR5 million between 2014 and 2017.

“As the North American market continues to improve, it is satisfying to see that we continue to meet and beat the customer’s expectations in these aggressive application areas. Strong engineering support and innovative high temperature materials help us provide a full service solution to this most demanding of market areas,” said Jonathan Day, Executive Vice President at Kongsberg Automotive’s Fluid Transfer business area.

Media:

Fredrik Tangeraas, Director, Corporate Communications

Phone: +47 32 77 05 35; Mobile: +4792464699

Investors / analysts:

Philippe Toth, Vice President, M&A / Investor Relations

Phone: +4732770503. Mobile: +4798214021

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 close to EUR 1.0 billion and approximately 10.000 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