Kongsberg Automotive secures important contract with premium car brand worth EUR62.5M (NOK518 M)

Kongsberg Automotive (KA) has secured a contract with a premium European OEM for the supply of massage systems worth an estimated total of EUR 62.5 Million (NOK 518 Million) over its lifetime.

The contract is for the supply of a highly advanced massage system for driver and passenger seats in premium vehicles. Kongsberg Automotive will begin supply under the contract in the second quarter of 2015 from the company’s facility in Pruszkow, Poland.

“Massage is an important luxury feature and differentiator in the modern premium car and the KA massage system provides the ultimate occupant comfort. We’re very proud that this is being recognized by more and more of the leading car makers and see this contract as a further strengthening of our market leadership within premium massage systems worldwide”, said Hans Jørgen Mørland, VP Sales and Marketing at Kongsberg Automotive.

Media:

Fredrik Tangeraas, Director, Corporate Communications

Phone: +47 32 77 05 35; Mobile: +4792464699

Hans Peter Havdal, CEO

Phone: +47 32770520. Mobile: +47 92065690

Investors / analysts:

Philippe Toth, Vice President, M&A / Investor Relations

Phone: +4732770503.Mobile: +4798214021

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. Kongsberg Automotive's business has a global presence. 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, Norwayand 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