Kongsberg Automotive wins contract extension worth EUR 38 million in estimated lifetime revenue

14 Jun 2024 07:00 CEST

Kongsberg, June 14, 2024: Kongsberg Automotive (KA) has won a contract extension
worth EUR 38 million in estimated lifetime revenue.

This eight-year contract renewal was awarded by a global power technology
manufacturer for several technical hose assemblies used with
coolant (https://www.kongsbergautomotive.com/products-services/on
-highway/chassis/fluid-transfer-assemblies/oil-coolant-line/),
fuel (https://www.kongsbergautomotive.com/products-services/on
-highway/chassis/fluid-transfer-assemblies/fuel-line/), and oil
transfer (https://www.kongsbergautomotive.com/products-services/on
-highway/chassis/fluid-transfer-assemblies/oil-actuation-line/) applications.
KA's Ramos Arizpe (Mexico), Suffield and Grand River (USA) plants will
manufacture and supply the product.

"We are delighted to announce this contract renewal with one of the world's
largest providers of traditional and clean fuel engines and thank them for the
trust they place in us," says David Redfearn, KA's Chief Sales Officer, "This
award is important for KA not only for our involvement in alternative fuel
technologies, but it ensures our growth ambitions in our new Ramos facility
continue to be met."



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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