KA wins global premium seat comfort business worth EUR76 million (NOK 701 mill.)
Kongsberg Automotive has been awarded a ten year agreement with a European premium automaker for the global supply of seat heat and seat ventilation to mid-size luxury vehicles.
The contract is worth an estimated EUR 76.2 million (NOK 701 million) over its lifetime, and production is scheduled to start in the first quarter of 2018 from KA’s facility in Pruszkow, Poland, then later production starts in Reynosa, Mexico and Wuxi, China.
The vehicle that KA will supply is among the leading in its segment. KA will supply comfort systems including seat heat and seat ventilation for the front seats.
“This win builds upon the success we have had in the premium automotive segment. We listen to our customers, understand their needs, build strong partnerships and develop products that allow them to maintain their position as leaders in the industry,” said Anders Nystrom, EVP for Kongsberg Automotive’s Interior business area.
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