Kongsberg Automotive

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

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

+47 982 14 059

Christian Johansson - Chief Financial Officer

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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