Kongsberg Automotive wins contracts worth over EUR 19 million in estimated lifetime revenue for headrest mechanism

Zurich, December 27, 2023: Kongsberg Automotive’s (KA) Headrest business has won a contract extension and a new contract worth over EUR 19 million total in estimated lifetime revenue.

These four-year contracts are awarded by Tier 1 customer for KA to supply the products globally across two vehicle platforms including an all-electric vehicle. KA has developed and produced the headrest mechanisms in the Mullsjo, Sweden facility.

This product is a KA-developed rear seat and electric foldable concept of head restraint. This unique foldable mechanism keeps the passenger safe in case of an accident by reducing whiplash.

“We are delighted to continue our relationship with this important customer. These contracts reflects the quality and value that KA offers in this business.” says David Redfearn, KA’s Chief Sales officer.

Media and communications contact:
Therese Sjöborg Skurdal – Director Corporate Communications
therese.skurdal@ka-group.com
+47 982 14 059

Investor Relations contact:
Mads Langaard – Head of Investor Relations
mads.langaard@ka-group.com
+47 905 81 264

About Kongsberg Automotive ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle industry. We drive the global transition to sustainable mobility by putting engineering, sustainability, and innovation into practice. Our product portfolio includes driver and motion control systems, fluid assemblies, and industrial driver interface products. Find more information at: kongsbergautomotive.com