Kongsberg Automotive wins a contract extension worth over EUR 47 million in estimated lifetime revenue

23 Dec 2024 14:29 CET

Kongsberg, December 23, 2024: Kongsberg Automotive (KA) has secured a contract
extension worth over EUR 47 million in estimated lifetime revenue for pedal
group systems (https://www.kongsbergautomotive.com/products-services/off
-highway/cabin/clutch-actuation-systems/pedal-box/) used in golf carts and
utility vehicles.

This four-year contract was awarded to the company by one of the world's leading
manufacturers of golf carts and utility vehicles. KA's Willis (USA) plant will
manufacture and supply this product.

"The contract renewal of KA's brake and throttle pedal combined solution
confirms that we share the same values of quality, reliability, and safety for
these critical products with our partner," says David Redfearn, KA's Chief Sales
Officer, "We are a long-term development supplier for this customer, and we are
proud to support them as they continue to innovate and grow in this important
leisure market."



Media and communications contact:
Therese Sjöborg Skurdal - Director, Group Marketing and Communications
therese.skurdal@ka-group.com
+47 982 14 059

Investor Relations contact:
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:?kongsbergautomotive.com (https://www.kongsbergautomotive.com/)

More information:
Access the news on Oslo Bors NewsWeb site

635622_Release.pdf