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Kongsberg wins EUR17m air-brake contracts

By Simon Warburton | 24 November 2015

Kongsberg Automotive's Fluid Transfer Systems (FTS) business area has secured contracts for the ABC air-brake coupling system totalling EUR17m (US$18.1m), with average annual revenues of EUR5.3m.

The deals are with an unnamed European bus manufacturer and a global supplier of braking systems for commercial vehicles to expand supply of the ABC coupling range manufactured in Kongsberg's facility in Raufoss, Norway.

"We are pleased these leading companies have chosen to continue and grow with the ABC coupling system," said Kongsberg Automotive FTS VP sales, David Redfearn.

"It is testament to the overall value of the system we can show savings compared with traditional coupling solutions in both total cost of ownership and weight reduction, which are both important drivers in the commercial vehicle industry."