Kongsberg Automotive wins contract extension worth over EUR 10.5 million in estimated lifetime revenue

14 Jun 2024 07:00 CEST

Kongsberg, June 14, 2024: Kongsberg Automotive (KA) has won a contract extension
worth over EUR 10.5 million in estimated lifetime revenue.

This contract renewals was awarded by a global tractor manufacturer for steering
columns (https://www.kongsbergautomotive.com/products-services/off
-highway/cabin/steering-columns/fixed-and-telescope-columns111/), throttle
pedals (https://www.kongsbergautomotive.com/products-services/off
-highway/cabin/throttle-pedals/mt-throttle-pedals/) and hand
controls (https://www.kongsbergautomotive.com/products-services/off
-highway/cabin/hand-controls/da-4000-dual-axis-valve-control-lever/). The three
-year extension starts in July 2024, and KA's Ljungsarp (Sweden), Vrable
(Slovakia), and Willis (USA) plants will produce and supply the products.

"Alongside new development projects, this agreement renewal cements KA's
position as a development and serial supplier for safety-critical products to
one of the world's leading tractor manufacturers," says David Redfearn, KA's
Chief Sales Officer, "Our customer aims to provide smart, sustainable solutions
to the global agricultural market, and we are proud to be supporting them."


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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