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Provider: Reuters Investment Profile
Provider: Edison Investment Research
Provider: Wright Reports
Provider: Edison Investment Research

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Kongsberg Automotive Holding ASA Wins EUR 20 Million Contract with Heavy Duty Truck Manufacturer

Monday, 17 Jun 2013 01:30am EDT 

Kongsberg Automotive Holding ASA announced that the Company's Driver Control Systems (DCS) unit has won a further EUR 20 million of new business with one of the global manufacturers of Heavy Duty Trucks. The contract is for supply to the South American market and the delivery includes Clutch Actuation products, Gearshift Systems and Cabin Stabilizers. Kongsberg Automotive will start deliveries late during Q4 in 2013 and over the next five years. The total lifetime value of the contract is EUR 20 million. All of these Driver Control products will be manufactured with the existing capacities within the Company.