Strategic Collaboration Between Thales and Kitron Announced
Strategic Collaboration Between Thales and Kitron Announced
Kitron has exciting news to share as they have received a significant order valued at NOK 46 million from Thales Norway. This partnership is a key step in enhancing their presence in the defense sector, showcasing Kitron's commitment to advancing their operations.
Production Timeline and Location
The production for this order is set to commence in the first quarter of 2026, continuing through the second quarter. These operations will be situated at Kitron's dedicated facility in Arendal, where they have made considerable investments in technology and skilled staff.
The Importance of This Order
Heine Østby, the Managing Director of Kitron Norway, commented on the impact of this order. He stated, “This order is strategically important for Kitron. It strengthens our cooperation with Thales and contributes to securing our position in the defence sector.” This partnership not only enhances Kitron's order book but also cements their role as a reliable partner in the defense landscape.
About Kitron
Kitron is recognized as a leading Scandinavian electronics manufacturing services company, delivering solutions across various sectors such as Connectivity, Electrification, Industry, Medical Devices, and Defence/Aerospace. With operations spanning Norway, Sweden, Denmark, and beyond—across locations in Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States—Kitron boasts around 2,400 dedicated employees. In 2023, the company generated impressive revenues of EUR 775 million, underscoring its stature in the industry.
Company Contact Information
For further inquiries about this partnership or Kitron's services, you can reach out to:
Peter Nilsson, President and CEO, telephone: +47 948 40 850
Heine Østby, Managing Director, Kitron Norway, telephone: +47 472 42 606
Email: investorrelations@kitron.com
Exploring Future Opportunities
This recent award is part of Kitron's strategy to strengthen ties with influential partners like Thales, particularly in the defense segment, where advanced technology and reliable production are critical. With this significant contract, Kitron is poised to not only grow its business but also to enhance its competitive edge within international markets.
Global Reach and Capabilities
Through its diverse operations, Kitron remains committed to delivering exceptional products and services across a variety of industries. Their ability to adapt and cater to the specific needs of different sectors makes them a versatile player in the manufacturing landscape, ensuring they stay ahead of industry trends and customer demands.
Frequently Asked Questions
What is the value of the order Kitron received from Thales?
The order from Thales is valued at NOK 46 million.
When will production for this order begin?
Production is set to start in the first quarter of 2026 and will continue through the second quarter.
Where will the production take place?
Production will take place at Kitron's facility located in Arendal.
How does this order benefit Kitron?
This order strengthens Kitron's collaboration with Thales and secures its position in the defense sector.
Who can I contact for more information about Kitron?
You can contact Peter Nilsson, President and CEO, or Heine Østby, Managing Director, for further information about Kitron.
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