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Kongsberg Automotive Holding ASA Secures Two Contracts

Friday, 26 Apr 2013 01:30am EDT 

Kongsberg Automotive Holding ASA announced that the Company's Interior Systems division have been nominated to deliver the pneumatic seat support systems and seat heat systems to two different luxury SUVs in the Chinese market. The contracts are worth EUR 7 Million over five years. The first nomination is for supply of seat heating systems for both the front and rear seats of a European compact crossover SUV, which will be produced and sold in China from year 2014. This contract has total value of EUR 4 million and assumes SOP in September 2014 with five years lifetime. The second nomination is for supply of pneumatic seat support systems to a European crossover that also will be manufactured and sold in China. The contract has a total value of EUR 3 Million and five years lifetime. Production will start in from October 2014.