Kongsberg Automotive Holding ASA Receives Contracts from European Truck and Bus Markets

Kongsberg Automotive Holding ASA (KA) announced that it has won new contracts with two European manufacturers of Trucks and Busses to deliver composite coupling technology and fuel and airline assemblies. The contracts have a combined value of about EUR 10 million (NOK 74 million) over their duration, and production commences already in 2013. These three new business awards cover KA's ABC composite coupling technology in addition to fuel and air line assemblies manufactured within the Company's European facilities. Couplings will be produced in Raufoss Norway, and fuel and airline assemblies will be manufactured at KA's facilities in Epila, Spain.