KA awarded contract in China worth EUR 26 mill. (NOK 247 mill.) with global automotive maker

Kongsberg Automotive’s Fluid Transfer business has been awarded a supply award for brake assemblies from one of the largest passenger car manufacturers in the world. The contract has an estimated total value of EUR 26 million over its duration.

KA will manufacturer these technical assemblies in its facility in Wuxi, China, for supply to vehicles in the Asian and North American markets. Production under the contract is scheduled to start in 2018.

“Our ability to offer technical brake assemblies from our manufacturing facility in China was key to convincing this global manufacturer that KA was the right partner for this exciting high volume platform. We will continue to globalize the entire range of Fluid Transfer System products and take advantage of our manufacturing footprint to deliver value and service in growth markets,” said Jonathan Day, EVP for KA’s Fluid Transfer Systems business area.

Media:

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