Kitron Strengthens Market Position with New €7 Million Deal
Kitron Expands Their Reach in Industrial Automation
Kitron has recently secured a noteworthy manufacturing agreement worth approximately €7 million annually with a prominent player in the industrial automation field. This significant contract marks an expansion of their existing relationship and opens up avenues for increased volume in the upcoming years.
Understanding the Contract Details
This agreement focuses on the provision of top-notch electronics manufacturing services, particularly for a cutting-edge line of high-performance drive modules vital for automation and motion control systems. Production is expected to kick off in the last quarter of 2025, leveraging Kitron's European facilities for comprehensive box-build services.
Services Tailored for High-Demand Environments
Kitron aims to deliver superior, complex assemblies that meet the rigorous standards of industrial environments. Mindaugas Sestokas, the VP of Central Eastern Europe, emphasized the importance of their ability to fulfill the demanding specifications of sophisticated automation systems in successfully clinching this deal.
Strategic Growth and Momentum
This latest achievement comes on the heels of their success within the Connectivity sector, showcasing Kitron's sustained growth and dedication to building lasting value across various industrial domains. The emphasis on quality, expertise, and long-term partnerships has been instrumental in their progress.
Kitron's Position in the Industry Market
The contract reinforces Kitron's stronghold in the rapidly evolving Industry market, where there is a growing requirement for robust and scalable manufacturing solutions driven by advances in automation and digital control technologies.
About Kitron and Their Operations
Kitron stands as a leading Scandinavian electronics manufacturing services provider, specializing in sectors such as Connectivity, Electrification, Industry, Medical Devices, and Defence/Aerospace. With a workforce of about 2,400 employees, the company has established operations across several countries, including Norway, Sweden, Denmark, and many more across Europe, Asia, and North America. Their impressive revenue of €647 million in 2024 highlights Kitron’s successful performance.
Contact Information
For any inquiries, feel free to reach out to:
Peter Nilsson, President and CEO, tel. +47 948 40 850
Mindaugas Sestokas, VP Central Eastern Europe, tel. +370 685 25 557
Email: investorrelations@kitron.com
Frequently Asked Questions
What is the value of Kitron's new contract?
Kitron's new contract is valued at approximately €7 million annually.
When will production under the new contract begin?
Production is scheduled to commence in the fourth quarter of 2025.
What services will Kitron provide under this agreement?
Kitron will deliver complete box-build services and high-complexity assemblies for automation systems.
How does this contract impact Kitron's market position?
This contract reinforces Kitron's strong presence in the industrial automation sector and reflects their ongoing growth in various industry segments.
How many employees does Kitron have?
Kitron employs approximately 2,400 people across its various operations globally.
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