Kongsberg Automotive wins a new contract worth over EUR 105 million in estimated lifetime revenue

11 Apr 2024 07:00 CEST

Zurich, April 11, 2024: Kongsberg Automotive (KA) has won a contract worth over
EUR 105 million in estimated lifetime revenue for metal and plastic fluid
transfer assemblies (https://www.kongsbergautomotive.com/products-services/on
-highway/chassis/fluid-transfer-assemblies/twin-turbo-feed1/) used in heavy-duty
truck engines.

KA's fluid transfer assemblies for heavy-duty truck engines enable the customers
to comply with new EU legislation to regulate CO2 emissions from heavy-duty
vehicles, trucks, and lorries.

The five-year contract was awarded by a Europe-based Global OEM and will be
engineered according to the customer's requirements, and manufactured and
supplied by KA's Epila, Spain, Brzesc Kujawski, Poland and Ramos Arizpe, Mexico
plants. Production will start in 2026.

"This contract awarded to KA shows that we provide the most competitive
technical solutions for low emission internal combustion engine (ICE) combined
with a global manufacturing footprint," says David Redfearn, KA's Chief Sales
Officer, adding, "We are grateful to our customers for placing their trust in
KA. We will continue to support the transition to sustainable transportation,
and we hope to see more contracts for these products in the near future."

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 (https://www.kongsbergautomotive.com/)

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