Kongsberg Automotive

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

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

+47 982 14 059

Investor Relations contact:

Mads Langaard - Head of Investor Relations

+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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