# Kongsberg Automotive secures EUR 523M contract extension for GCU

Kongsberg Automotive (KA) won a five-year contract extension worth EUR 523 million in estimated lifetime revenue for its Gear Control Unit (GCU) with integrated clutch actuator. The contract is awarded by a major global manufacturer of transmissions for heavy-duty trucks and extends until 2028.

- Type: Contract
- Announced: 2024-04-26
- Where: Nuevo Laredo, Mexico; Wuxi, China, Mexico
- Value: $560.0M (523.0M EUR)
- Status: announced
- Products: Gear Control Unit with integrated clutch actuator
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Kongsberg Automotive](https://endata.com/companies/12484.md)
- [major global manufacturer of transmissions for heavy-duty trucks](https://endata.com/companies/77063.md) (customer)

## Sources

- [news.cision.com](https://news.cision.com/kongsberg-automotive-asa/r/kongsberg-automotive-secures-major-contract-extension-worth-eur-523-million-in-estimated-lifetime-re,c3968708), 2024-04-26: "This contract extension underscores our position as a preferred long-term partner for critical technical products that prioritize innovation, technology, and customer support."
- [automotiveworld.com](https://www.automotiveworld.com/news/kongsberg-automotive-secures-major-contract-extension-worth-eur-523-million-in-estimated-lifetime-revenue/), 2024-04-26: "This contract extension underscores our position as a preferred long-term partner for critical technical products that prioritize innovation, technology, and customer support."
- [elmanana.com.mx](https://elmanana.com.mx/nuevo-laredo/2024/5/12/viene-inversion-europea-nuevo-laredo-123644.html), 2024-05-12: "Kongsberg Automotive (KA), una empresa de tecnología automotriz, ganó un contrato por 523 millones de euros (unos 10 mil millones de pesos) en ingresos estimados para los próximos años"

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