Regulatory Filings • Dec 27, 2023
Regulatory Filings
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Kongsberg Automotive wins contracts worth over EUR 19 million in estimated lifetime revenue for headrest mechanism
Zurich, December 27, 2023: Kongsberg Automotive's (KA) Headrest business has won
a contract extension and a new contract worth over EUR 19 million total in
estimated lifetime revenue.
These four-year contracts are awarded by Tier 1 customer for KA to supply the
products globally across two vehicle platforms including an all-electric
vehicle. KA has developed and produced the headrest mechanisms in the Mullsjo,
Sweden facility.
This product is a KA-developed rear seat and electric foldable concept of head
restraint. This unique foldable mechanism keeps the passenger safe in case of an
accident by reducing whiplash.
"We are delighted to continue our relationship with this important customer.
These contracts reflects the quality and value that KA offers in this business."
says David Redfearn, KA's Chief Sales officer.
Media and communications contact:
Therese Sjöborg Skurdal - Director Corporate Communications
[email protected] ([email protected] )
+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
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