2013-08-20 14:28:06 -
Kitron ASA has signed an agreement with a leading industrial supplier. The
agreement, which is an extension of a previous contract, covers manufacturing of
electronics and related technical services for automation and power
technologies. The estimated total contract value is NOK 150 million over a
Kitron in Arendal, Norway, will handle the main part of the production and all
deliverables, while part of the manufacturing will take place at Kitron's
factories in Lithuania.
"Our ability to combine advanced technical services with cost effective
manufacturing solutions were decisive in winning this important contract. The
agreement confirms our leading position as an EMS supplier for the Industrial
segment in Scandinavia," says Dag Songedal, interim CEO of Kitron ASA.
For further information please contact:
Dag Songedal, interim CEO of Kitron ASA, tel. +47 91
38 64 68 or e-mail
Tommy P. Storstein, Corporate Sales Director at Kitron ASA, tel.
+47 93 66 99 09 or email firstname.lastname@example.org
Kitron is one of Scandinavia's leading electronics manufacturing services
companies for the Defense, Energy/Telecoms, Industry, Medical equipment and
Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania,
Germany, China and the United States. Kitron had revenues of about NOK 1.7
billion in 2012 and has about 1,200 employees. www.kitron.com
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kitron ASA via Thomson Reuters ONE