Kitron Wins Additional €7 Million Contract, Expanding Presence in Industrial Automation

Core Insights - Kitron has signed a significant manufacturing agreement valued at approximately EUR 7 million annually with a leading customer in the industrial automation sector, focusing on high-performance drive modules for automation and motion control systems [1][3] - The agreement includes complete box-build services from Kitron's European facilities, with production scheduled to begin in the fourth quarter of 2025 [2] - The contract reflects Kitron's strong position in the Industry market sector, driven by demand for robust and scalable manufacturing solutions in automation and digital control technologies [3] Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company operating in various sectors, including Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [4] - The company has operations in multiple countries, including Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States, employing approximately 2,400 people [4] - Kitron reported revenues of EUR 647 million in 2024, indicating a strong financial position [4]