KEY CONTRACT WIN FOR DRIVELINE SYSTEMS IN EUROPEAN MARKET WORTH 34 MEUR (267 MNOK)

The contract has a total value of 34 MEUR over 7 years, and production will start in Q2 2014 from KA’s facility in Vrable, Slovakia.

“KA’s nomination for this advanced electro-mechanical system is a clear demonstration of our growing capabilities in this field and I am delighted that the skills and hard-work of our teams in Germany, Sweden and Slovakia have been rewarded”, says Joachim Magnusson, Executive Vice President for KA Driveline.