Kongsberg Automotive wins contract worth EUR 17.2 Million (NOK 130,5 million) in North America

This contract enhance the strong position that KA has within comfort systems for automotive interior. KA is already a significant actor in Europe for pneumatic seat support systems and an increasing interest for these solutions in North America represents an interesting growth potential for KA

“This award is based on great collaboration between our US sales team and Advanced Engineering group, who has designed and developed a product that meets the customers’ expectations.  The demand for pneumatic seat support systems continues to increase in the US market as seats become more streamlined in order to create more space for rear occupants. We’re very proud that we have been chosen as the supplier to a car that will be marketed with its level of comfort as one of its main features”, says Vice President for Global Sales and Marketing Hans Jørgen Mørland.

This product will be manufactured in Reynosa, Mexico and will start production in the 2nd quarter of 2015.

Media:

Hans Peter Havdal, CEO

Phone: 47 920 65 690

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