Kitron signs contract with Kongsberg Maritime
(Thomson Reuters ONE) -
(2017-10-20) Kitron have signed a frame agreement with Kongsberg Maritime with a
potential value of NOK 200 million for the next five years. This expands the
cooperation with KONGSBERG.
Kitron will produce and deliver existing and future electronic modules and
products to Kongsberg Maritime and actively collaborate on design, development,
industrialization and production on future products and technology.
"This agreement is strategically important for Kitron. We have long-lasting and
close relations with other divisions in KONGSBERG. This new partnership with
Kongsberg Maritime, the largest business area within KONGSBERG, holds
significant potential for us," said Hans Petter Thomassen, Managing Director of
Kitron Norway.
Production will take place at multiple Kitron facilities.
"The sourcing and evaluation process has been thorough. A large number of
potential suppliers have been evaluated on technical-, production- and sourcing
capabilities. With a global presence and production footprint close to KONGSBERG
markets, Kitron demonstrates the ability to be competitive," says Frode Kaland
EVP Supply Chain, Kongsberg Maritime.
For further information, please contact:
Peter Nilsson, CEO, tel. +47 94 84 08 50
Hans Petter Thomassen, Managing Director, Kitron Norway, tel. +47 913 92 360
E-mail: investorrelations(at)kitron.com
Kitron is one of Scandinavia's leading electronic manufacturing services
companies for the Data/Telecoms, Defence, 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 information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities Trading Act.
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: 20.10.2017 - 16:21 Uhr
Sprache: Deutsch
News-ID 564582
Anzahl Zeichen: 2456
contact information:
Town:
Oslo
Kategorie:
Business News
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"Kitron signs contract with Kongsberg Maritime"
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