Kongsberg Automotive wins new EUR 6.2 mill. contract with a leading Turkish commercial vehicle OEM

Driver Control systems (DCS) has been awarded a contract worth EUR 6.2 mill over 5 years. The contract is for clutch servo’s for the new Euro 6 truck platform and is scheduled to be launched in second quarter of 2015.

Annual vehicle volume is expected to reach 17.000 units which will be equipped 100% with the clutch servo from Kongsberg Automotive.

According to LMC Automotive, the Turkish commercial vehicle production is expected to grow with a compound average growth rate of 9.5% over the period from 2013 to 2018. Turkey remains an attractive market for KA due its healthy growth.

“KA`s New Generation Clutch Servo (NGCS) combine the robustness of current design with increased efficiency and reduced weight which takes Kongsberg a significant step ahead of its competitors” says VP Sales & Marketing Håkon Amundsen, and continue “newest technology, optimal customer support and ability to fulfill customer requirements in an excellent way within a tight timeframe have been important criteria for this business win”

The servo units will be produced in the KA facility in Hvittingfoss, Norway.

Media:

Hans Peter Havdal, CEO

Phone: +47 32770520. Mobile: +47 92065690

Investors / analysts:

Philippe Toth, Vice President M&A / Investor Relations

Phone: +4732770503.Mobile: +4798214021

About Kongsberg Automotive:

Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable.

Kongsberg Automotive's business has a global presence. With revenues of close to EUR 1.0 billion and approximately 10.000 employees in 20 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered inKongsberg,Norwayand has 32 production facilities worldwide. The product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies, and industrial driver interface products developed for global vehicle manufacturers. Find more information at www.kongsbergautomotive.com