KA wins global premium seat comfort business worth EUR 27 million (NOK 253 mill.)

Kongsberg Automotive has been awarded the global supply of seat support and massage systems with a European premium automaker for their flagship vehicle.

The contract is worth an estimated EUR 26.7 million (NOK 253 million) over its lifetime, and production is scheduled to start in the third quarter of 2017 from KA’s facility in Pruszkow, Poland.

KA’s seat comfort systems including lumbar, bolster and massage systems for front and rear seats utilizing the latest innovative technological developments, will be on one of the top luxury SUV’s in the market.

“This win, in a key growth platform for KA, reflects the long history and valued partnership we have with this customer, and our strong position in the market. The integration of our seat support technology will allow the consumer to experience one of the best performing comfort systems on the market,” said Thomas Lee, Vice President Sales and Marketing for Kongsberg Automotive’s Interior 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