Kongsberg Automotive wins a contract extension worth over EUR 21.5 million in estimated lifetime revenue

15 Nov 2024 07:00 CET

Kongsberg, November 15, 2024: Kongsberg Automotive (KA) has secured an extension
of a contract worth over EUR 21.5 million in estimated lifetime revenue for
fluid transfer assemblies.

The six-year contract, which will start in January 2025, is awarded by a global
Original Equipment Manufacturer (OEM) headquartered in Europe for KA's Fluid
Transfer Assemblies-coolant (https://www.kongsbergautomotive.com/products
-services/on-highway/fluid-transfer/fluid-transfer-assemblies/oil-coolant
-line/), fuel (https://www.kongsbergautomotive.com/products-services/on
-highway/fluid-transfer/fluid-transfer-assemblies/fuel-line/), EGR, doser
injector (https://www.kongsbergautomotive.com/products-services/on-highway/fluid
-transfer/fluid-transfer-assemblies/water-coolant-lines/), and oil
transfer (https://www.kongsbergautomotive.com/products-services/on-highway/fluid
-transfer/fluid-transfer-assemblies/oil-actuation-line/) applications used on
Internal Combustion Engines (ICE) in heavy-duty trucks. KA's Ramos Arizpe,
Mexico plant will produce and distribute the products.

"We are honored to be chosen, once again, by our long-time customer for these
technical hose assemblies that meet all current and future emission
requirements," says David Redfearn, KA's Chief Sales Officer, adding, "Having
the ability to engineer and manufacture these products across three continents
allows us to continue to grow with global truck OEMs and ensures that we are
well positioned for the future."

Investor relations and media contacts:

Therese Sjöborg Skurdal - Director Group Marketing & Communications
therese.skurdal@ka-group.com
+47 982 14 059

Christian Johansson - Chief Financial Officer
investor.relations@ka-group.com


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: www.kongsbergautomotive.com

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