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Kongsberg Automotive Holding ASA Kongsberg, 11 June 2008.
Kongsberg Automotive (KA) has won a contract with a major European heavy-duty truck producer. The new business, which includes delivery of cabin stabilizers, has a contract term of three years with production start early 2009.
The order value is estimated to be NOK 120 millions (Euro 15 mill), and it is expected that the products will have a life-cycle beyond the set contract time.
"The cabin stabilizers from KA are engineered to give heavy duty truck drivers a safe and comfortable driving experience. This contract is a direct result of many years of co-operating with the customer on development, and is of great importance as it strengthens KA's position as the leading supplier of cabin stabilizers to driver cabins in the truck market", says Bård Klungseth, President for Actuation Systems at Kongsberg Automotive.
**** Kongsberg Automotive is headquartered in Kongsberg, Norway and has more than 50 facilities in 20 countries on all continents. Kongsberg Automotive, with revenues of about EUR1 billion and over 11,000 employees, provides system solutions to vehicle makers around the world. The product portfolio includes gearshift systems, cables for a wide variety of applications, fuel lines, tubing and hoses, couplings, clutch actuation, stabilizing rods, seat heaters, seat ventilation, lumbar supports, head restrains, arm rests, steering columns, pedals, electronics and displays. For more information, visit www.kongsbergautomotive.com
**** FOR MORE INFORMATION, CONTACT: Bård Klungseth, President - Actuation Systems Phone:+ 47 32 77 05 00 / Mobile:+47 93 03 78 58
Ronny Lie, Director Communication Phone: +47 32 77 05 11 / Mobile: +47 91 61 07 98
