Kitron expanding capabilities and services in the US
(Thomson Reuters ONE) -
(2017-03-02) Kitron has signed a new agreement with HMS Industrial Networks. The
agreement is considered a milestone for Kitron's operations in the US as it
involves newly developed logistics and distribution services to support HMS
Industrial Networks in the region, in line with Kitron's strategy of increasing
service sales.
Estimated contract value is not stated.
"As a part of Kitron's strategy to grow our business, we have invested time and
resources in developing new services which will add value to our customers. I am
therefore very pleased to announce that this has resulted in a new agreement
with HMS Industrial Networks involving our plant in the US. This will enable our
customer to reduce time-to-market for the North American region and increase our
service offering in the US through outsourced and efficient logistics and
distribution services. We consider this a milestone for our US operations," said
Tommy P. Storstein, Corporate Sales Director of Kitron ASA.
"HMS is very happy about the agreement with Kitron ASA, which is beneficial for
HMS in several ways. It gives us the flexibility to adjust the capacity on a
daily basis as well as long term, it enables improved shipping services to all
of the Americas, and it also opens a new possibility for more sustainable
logistic solutions. All in all, the collaboration with Kitron is part of HMS'
strategy to establish one Supply and Logistic Center for each major market,"
said Patrik Arvidsson, Supply Manager at HMS Industrial Networks.
For further information, please contact:
Peter Nilsson, CEO of Kitron ASA, tel. +47 94 84 08 50
Tommy P. Storstein, Corporate Sales Director of Kitron ASA, tel. +47 93 66 99 09
E-mail: investorrelations(at)kitron.com
Kitron is one of Scandinavia's leading electronic manufacturing services
companies for the Data/Telecoms, Defense, Energy, Industry, Medical devices and
Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania,
Germany, China and the United States. Kitron had revenue of about NOK 2.1
billion in 2016 and has about 1,350 employees. www.kitron.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kitron ASA via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 02.03.2017 - 12:00 Uhr
Sprache: Deutsch
News-ID 527779
Anzahl Zeichen: 2737
contact information:
Town:
Oslo
Kategorie:
Business News
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