Kongsberg Automotive Holding ASA (OSL:KOA) - Kongsberg Automotive Awarded Contracts Valued At MNOK 150 / €18M

Kongsberg Automotive Holding ASA (OSL:KOA) A major producer of passenger cars in the US has chosen Kongsberg Automotive to supply gearshift systems into future vehicles in the North American and European market.

The total order value of the multiple contracts is estimated to be 18M Euro (YTD), and production will be in Kongsberg Automotive facility in Nuevo Laredo, Mexico.



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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. Find more information at www.kongsbergautomotive.com.



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For further information, please contact:

Ronny Lie Director, Corporate Communication Ph: +47 32 77 05 11 / +47 916 10 798 e-mail: ronny.lie@ka-group.com ###

Kongsberg Automotive Holding ASA

http://www.kongsbergautomotive.com

ISIN: NO0003033102

Stock Identifier: XOSL.KOA