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

06 Jun 2025 08:52 CEST

(2025-06-06) Kitron has signed a significant manufacturing agreement with a
leading customer in the industrial automation sector. The agreement covers
electronics manufacturing services for a new generation of high-performance
drive modules used in automation and motion control systems.

Valued at approximately EUR 7 million annually, the contract represents a
strategic expansion of the partnership, with room for further volume growth in
the years ahead.

Under the agreement, Kitron will provide complete box-build services from its
European facilities, delivering high-quality, high-complexity assemblies
tailored to demanding industrial environments. Production is scheduled to begin
in the fourth quarter of 2025.

"Our ability to meet stringent requirements of advanced automation systems has
been crucial in this win," said Mindaugas Sestokas, VP Central Eastern Europe.
"Following our recent win in the Connectivity sector, this agreement reflects
continued momentum in building long-term value across multiple industrial
segments. Our focus on quality, technical competence, and long-term
collaboration continues to pay off."

The agreement reinforces Kitron's strong position in the Industry market sector,
where automation and digital control technologies continue to drive demand for
robust and scalable manufacturing solutions.

For further information, please contact:

For further information, please contact:
Peter Nilsson, President and CEO, tel. +47 948 40 850
Mindaugas Sestokas, VP Central Eastern Europe, tel. +370 685 25 557
Email: investorrelations@kitron.com (mailto:investorrelations@kitron.com)

Kitron is a leading Scandinavian electronics manufacturing services company for
the Connectivity, Electrification, Industry, Medical devices and
Defence/Aerospace sectors. The group has operations located in Norway, Sweden,
Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China
and the United States. Kitron has about 2 400 employees, and revenues were EUR
647 million in 2024.

www.kitron.com (https://www.kitron.com)

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

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