Kongsberg Automotive wins contract worth EUR 205 million in estimated lifetime revenue for Gear Control Unit product

Zurich, December 21, 2023: Kongsberg Automotive (KA) has been awarded a new contract worth EUR 205 million in estimated lifetime revenue for Gear Control Unit product.

KA’s Gear Control Unit automizes the gear shift functionality in heavy-duty trucks. With integrated actuators on the transmission and operated by compressed air, controlled with electrically operated valves, the gearshift operation is performed in a precise way with comfort for the driver and efficiency for improved fuel consumption. In addition to the mechanical unit with several actuators and shift forks, the electronics and sensors are also part of the scope.

This nine-year contract secured by KA is a result of a close collaboration between KA’s three Tech Centers—Norway, Canada, and China. KA’s Wuxi, China plant will supply the product to the leading heavy-duty truck manufacturer based in China.

“KA is proud to win this significant Automated Manual Transmission contract,” says David Redfearn, KA’s Chief Sales Officer, adding, “This contract nomination proves, once again our capabilities in developing and industrializing commercial vehicle powertrain applications. Winning this with one of the biggest OEMs in China is an important step to gain more market share where we still see further growth opportunities.”

Media and communications contact:
Therese Sjöborg Skurdal – Director Corporate Communications
therese.skurdal@ka-group.com
+47 982 14 059

Investor Relations contact:
Mads Langaard – Head of Investor Relations
mads.langaard@ka-group.com
+47 905 81 264

About Kongsberg Automotive ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle industry. We drive the global transition to sustainable mobility by putting engineering, sustainability, and innovation into practice. Our product portfolio includes driver and motion control systems, fluid assemblies, and industrial driver interface products. Find more information at: kongsbergautomotive.com