Kongsberg Automotive wins new EUR 5.3 mill. contract with a major European commercial vehicle OEM

Technical hose assemblies used in the fuel and brake systems will be delivered to a various range of heavy duty vehicles from the FTS facility in Epila, Spain. Production will already start in the summer of 2013 and will use some of the unique forming technologies that give FTS it's competitive advantage in this growing sector. This new award confirms the positive growth trend for FTS in the commercial vehicle area.

" Our ability to supply specialised tube and hose systems using unique processes and a constant drive for best in class quality is why we continue to succeed in this ever growing market" Commented EVP - Jonathan Day

Media:

Hans Peter Havdal, CEO

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Philippe Toth, Director, M&A / Investor Relations

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