Driveline contract in Europe worth EUR 17 million (NOK 143 million)

Kongsberg Automotive (KA) has received nomination from a major European OEM for supply of the complete manual gear shifter system. The shifter system will be used in C Segment cars which will be sold in Europe under two different brands.

The contract has an estimated total value of EUR 17 million over 7 years. Production will start in November 2016 with peak volume 2018, from KA’s facilities in Cluses. France.

“It’s very satisfying that we continue to win contracts with this major European OEM. This nomination shows that we continue to deliver products that match our customers’ expectations”, said Joachim Magnusson, Executive Vice President at Kongsberg Automotive’s Driveline business area.

“This nomination comes from a close co-operation and demonstrates how we bring innovation and system competence to our customers”, said Ian van Duijvenboode, VP Sales & Marketing for Kongsberg Automotive’s Driveline business.