Kongsberg, August 29, 2024: Kongsberg Automotive (KA) has secured an extension
of contract worth over EUR 13.5 million in estimated lifetime revenue for KA
Raufoss ABCT System's air
couplings (https://www.kongsbergautomotive.com/products-services/raufoss
-couplings/).
The three-year contract, which starts in January 2025, is awarded by a global
brake manufacturer based in Europe. The product is to be distributed to Original
Equipment Manufacturers of trucks, buses and trailers. KA Raufoss, Norway along
with KA Cluses, France will produce and distribute the product.
"The extension of this contract with our long-time customer is a testament to
the quality of our product, and a validation of the fact that Raufoss Couplings
has a strong global reputation," says David Redfearn, KA's Chief Sales Officer,
"Having strong partners within the brake system supplier area remains a critical
component to the continued market leadership position that our Raufoss ABCT
System's air couplings enjoy."
Media and communications contact:
Therese Sjöborg Skurdal - Director Corporate Communications
therese.skurdal@ka-group.com
+47 982 14 059
Investor Relations contact:
investor.relations@ka-group.com
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 (https://www.kongsbergautomotive.com/)