Kongsberg Automotive

Kongsberg Automotive wins a new contract worth over EUR 105 million in estimated lifetime revenue

Zurich, April 11, 2024: Kongsberg Automotive (KA) has won a contract worth over

EUR 105 million in estimated lifetime revenue for metal and plastic fluid

transfer assemblies (https://www.kongsbergautomotive.com/products-services/on

-highway/chassis/fluid-transfer-assemblies/twin-turbo-feed1/) used in heavy-duty

truck engines.

KA's fluid transfer assemblies for heavy-duty truck engines enable the customers

to comply with new EU legislation to regulate CO2 emissions from heavy-duty

vehicles, trucks, and lorries.

The five-year contract was awarded by a Europe-based Global OEM and will be

engineered according to the customer's requirements, and manufactured and

supplied by KA's Epila, Spain, Brzesc Kujawski, Poland and Ramos Arizpe, Mexico

plants. Production will start in 2026.

"This contract awarded to KA shows that we provide the most competitive

technical solutions for low emission internal combustion engine (ICE) combined

with a global manufacturing footprint," says David Redfearn, KA's Chief Sales

Officer, adding, "We are grateful to our customers for placing their trust in

KA. We will continue to support the transition to sustainable transportation,

and we hope to see more contracts for these products in the near future."

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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