Kitron Secures Major Manufacturing Deal for Sensor Products
Kitron Launches New Manufacturing Agreement for Sensor Technology
Kitron has recently announced an exciting multi-year partnership with a U.S.-based client to manufacture advanced sensor products aimed at the dynamic European market. This agreement is expected to generate around EUR 7 million each year, marking a substantial commitment to sensor technology in the region.
Production Capabilities and Market Focus
The manufacturing activities will be conducted within Kitron's established European facilities, leveraging the company’s exceptional skills in high-level assembly and intricate electronics. This specialized focus supports the growing Connectivity market sector, where Kitron has made a notable impact.
Comments from Leadership
Kristoffer Asklöv, the COO of Kitron, shared his thoughts on this pivotal agreement, stating, "This significant agreement is a strong endorsement of Kitron’s manufacturing capabilities and our ability to serve global customers through regional production models." He emphasized that this collaboration aligns perfectly with the company's strategy to foster growth in the Connectivity sector, highlighting the synergy created by combining advanced technology, outstanding operational practices, and close customer relationships.
Strengthening Kitron’s Industry Position
This agreement not only strengthens Kitron’s position as a key player in the industrial market transformation driven by digitalization and sensor technologies but also reinforces the company’s commitment to investing in its European operations.
About Kitron
Kitron is recognized as a leading electronics manufacturing services firm in Scandinavia, playing a critical role across various sectors, including Connectivity, Electrification, industrial solutions, Medical devices, and Defence/Aerospace. The company boasts operations across multiple countries, showcasing its global reach with locations in Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States. With a workforce of approximately 2,400 professionals, Kitron generated impressive revenues of EUR 647 million in the previous year.
Contact Information for Inquiries
For further inquiries, 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 the new agreement Kitron signed?
The agreement is valued at approximately EUR 7 million annually.
What type of products will Kitron manufacture under this agreement?
Kitron will manufacture advanced sensor-based products for the European market.
Where will the manufacturing take place?
The production will utilize Kitron’s established facilities in Europe.
What are the main sectors Kitron operates in?
Kitron operates in sectors like Connectivity, Electrification, Medical devices, Industry, and Defence/Aerospace.
Who can be contacted for more information about Kitron?
Peter Nilsson, the President and CEO, or Mindaugas Sestokas, VP Central Eastern Europe, can be contacted for more information.
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