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Kitron has received an order for a new product within the industrial communications segment. Annual revenue for the said project is expected to be around NOK 25 million for at least five years. Production will take place at Kitron's plants in Lithuania and China.
The customer is a rapidly growing solutions provider for industrial communications and the Industrial Internet of Things (IIoT) markets.
"This is an existing customer trusting us with an entirely new product, adding to our current partnership. Due to the industrial nature of the product, it needs advanced board protection. This is an example of Kitron's ability to provide the best production services for particularly demanding customers," said Kitron COO and Sales Director Israel Losada Salvador.
Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Energy/Telecoms, Industry, Defence, Medical devices and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 2,4 billion in 2017 and has about 1,450 employees.