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Kongsberg Automotive Holding wins contract worth 119 mln euros

Friday, 27 Jun 2014 05:10am EDT 

Kongsberg Automotive Holding ASA:Says it has received nomination from European OEM for supply of gear shifters for both automatic transmissions featuring shift by wire and manual transmissions.Shifters to be used in D Segment cars which will be sold in Europe.Contract has estimated total value of 119 million euros over seven years.Production supply will start in fourth quarter of 2015. 

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