Kongsberg Automotive wins new EUR 5.3 mill. contract with a major European commercial vehicle OEM

Fluid Transfer Systems (FTS) are pleased to announce a contract award from one of Europe's Premier manufacturers of commercial vehicles worth €5.3 m Euro's over the next 3 years.

Technical hose assemblies used in the fuel and brake systems will be delivered to a various range of heavy duty vehicles from the FTS facility in Epila, Spain. Production will already start in the summer of 2013 and will use some of the unique forming technologies that give FTS it's competitive advantage in this growing sector. This new award confirms the positive growth trend for FTS in the commercial vehicle area.

" Our ability to supply specialised tube and hose systems using unique processes and a constant drive for best in class quality is why we continue to succeed in this ever growing market" Commented EVP - Jonathan Day

Media:

Hans Peter Havdal, CEO

Phone: +47 32770520. Mobile: +47 92065690

Investors / analysts:

Philippe Toth, Director, M&A / Investor Relations

Phone: +4732770503.Mobile: +4798214021

Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable.

Kongsberg Automotive’s business has a global presence. With revenues of close to EUR 1.0 billion and approximately 11.000 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: