Kongsberg Automotive Holding ASA ( (KGAUF) ) has provided an update.
Kongsberg Automotive has secured a significant contract extension worth over EUR 58 million for its KA Raufoss ABCT System, a lightweight and eco-friendly air brake fitting system. This contract, awarded by a leading manufacturer of trucks and buses, underscores Kongsberg’s strong industry positioning and commitment to sustainable mobility, with production taking place at their Raufoss plant in Norway.
More about Kongsberg Automotive Holding ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle industry, focusing on engineering, sustainability, and innovation. Their product portfolio includes driver and motion control systems, fluid assemblies, and industrial driver interface products.
YTD Price Performance: -21.97%
Average Trading Volume: 500
Technical Sentiment Signal: Strong Buy
Current Market Cap: $126.4M
For a thorough assessment of KGAUF stock, go to TipRanks’ Stock Analysis page.