KA awarded North American AMT shifter business worth EUR 15 mill (NOK138 mill.)

Kongsberg Automotive has been awarded a contract for the design, development and serial production of new Automatic Manual Transmission (AMT) gear shifters from one of the largest truck manufacturers in the world.

The AMT Shifter business is valued at EUR 15 million (NOK138 million) over a 4 year period and will be produced in our Nuevo Laredo, Mexico facility and delivered for the North American market.

“The award of the AMT shifter business is a significant strategic win for adding new product solutions and technology to our growing AMT product portfolio. This demonstrates our continued excellence in developing and designing AMT products that meet future market trends for the Heavy Duty Truck Industry” saidJoe Guajardo, Sales Director for Kongsberg Automotive’s Powertrain & Chassis business in North America.

“The Kongsberg Automotive AMT products will bring new innovations to a rapidly changing market and it illustrates our full capabilities for enhancing the driving experience. We are capable of supplying the complete shift and actuation system for Automated Manual Transmissions which leads reduced total operating cost for the end user” said Scott Paquette, Executive Vice President for Kongsberg Automotive’s Driver Control Systems business area.

Media:

Fredrik Tangeraas, Director, Corporate Communications

Phone: +47 32 77 05 35; Mobile: +47 92464699

Investors / analysts:

Philippe Toth, Sr. Vice President, Business development & Investor Relations

Phone: +47 32 77 05 03; Mobile: +47 98214021

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

Tags: