# Kongsberg Automotive wins EUR 42.5M contract for head restraint mechanisms

Kongsberg Automotive's Powertrain and Chassis segment secured a seven-year contract worth EUR 42.5 million in estimated lifetime revenue from a European auto manufacturer for rear seat foldable head restraint mechanisms. Production will start in 2024 at facilities in Sweden and China.

- Type: Contract
- Announced: 2022-06-24
- Where: Mullsjö, Sweden and Wuxi, China, Sweden
- Value: $45.0M (42.5M EUR)
- Status: announced
- Products: rear seat foldable head restraint mechanisms
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Kongsberg Automotive](https://endata.com/companies/12484.md)

## Sources

- [automotiveworld.com](https://www.automotiveworld.com/news-releases/kongsberg-automotive-wins-contract-worth-eur-42-5-million-in-estimated-lifetime-revenue/), 2022-06-24: "This contract, awarded by a global OEM that places a high priority on automotive safety, positions KA for continued growth in this important safety segment."
- [automotiveworld.com](https://www.automotiveworld.com/news/kongsberg-automotive-wins-contract-worth-eur-42-5-million-in-estimated-lifetime-revenue/), 2022-06-24: "This contract, awarded by a global OEM that places a high priority on automotive safety, positions KA for continued growth in this important safety segment."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.