Kongsberg Automotive (KA) has secured a US$159.5m contract from an unnamed major European OEM for the supply of gear shifters for both automatic transmissions featuring shift by wire and manual transmissions.

The shifters will be used in D segment cars to be sold in Europe.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The contract has an estimated total value of EUR119m (US$159.5m) for a seven-year period. Production supply will start in the fourth quarter of 2015.

“It’s very satisfying our capabilities in both automatic and manual transmissions are recognised by our customers,” said Kongsberg driveline EVP, Joachim Magnusson.

“This nomination is a testament to the value Kongsberg Automotive can bring to our customers,” added Kongsberg sales and marketing VP, Ian van Duijvenboode.

“Shift-by-wire is a key technology trend and we continue to provide the market with innovative solutions to support our customers.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now