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BRIEF-Kongsberg Automotive gets nomination from car maker for supply of Shift by Wire systems

May 31 (Reuters) - Kongsberg Automotive ASA :

* Key Driveline contract for Shift by Wire systems from European OEM

* Lifetime contract value is 65 million euros ($72.34 million), but this is however a 100 pct replacement win where conventional mechanical shifters are substituted by Shift by Wire systems

* Production supply will start in H2 2018 and run for 7 years with a peak volume in 2022 Source text for Eikon:

Further company coverage: ($1 = 0.8986 euros) (Gdynia Newsroom)