Home » Business News » 2011 » October » October 27, 2011

Kitron: Agreement related to manufacturing of offshore equipment

October 27, 2011 - London

(2011-10-27) Kitron AS, a subsidiary of Kitron ASA, has signed a contract with a leading supplier of offshore equipment. The agreement covers the period 2012 to 2014. In this period the expected turnover under the contract is between NOK 200 and 300 million. Kitron already has received purchase orders under the contract totaling NOK 25 million.

For further information please contact:
Jørgen Bredesen, CEO of Kitron ASA, tel.: (+47) 4825 2584, or e-mail:
Dag Songedal, Managing Director of Kitron AS, tel.: (+47) 91 38 64 68 or e-mail:  

Kitron is one of Scandinavia's leading electronic manufacturing services companies for the Defence, Energy/Telecoms, Industry, Medical equipment and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had a revenue of about NOK 1.6 billion in 2010 and has about 1,100 employees.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Kitron ASA via Thomson Reuters ONE



Comment on this story