MAJOR CONTRACT WIN WORTH EUR 181 MILLION (NOK 1,330 MILLION)

The shifters will be used in C, D and E Segment premium cars to be sold in Europe, North America and Asia. Production for global deliveries will begin out of KAs production facility in Mullsjö, Sweden and is likely to be expanded into Asia during the contract period.

This win follows the historically large contract KA won for the same vehicle platform earlier this summer (Ref: Press release dated: 2012-07-20), and demonstrates the strong relationship and trust between KA and this premium OEM.

“It’s very satisfying that we continue to be a preferred supplier to the leading European OEMs. This win comes as a result of the skill and hard work of our excellent cross functional team”, says EVP for Driveline Joachim Magnusson.

“Kongsberg Automotive holds a unique position offering our customer a global footprint and full gear shift system capability. This nomination is a testament of the value of these strengths to our customers”, says VP Sales & Markering for Driveline, Ian van Duijvenboode.