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Kitron AS, a subsidiary of Kitron ASA, has signed a contract with a leading supplier of medical equipment. The agreement specifies that Kitron for specific products will be the supplier for a period of approximately two years from 2016. In this period the expected turnover linked to the contract is between NOK 100 million and NOK 120 million. Production will take place at Kitron's plant in Arendal.
The agreement may be extended after the current two-year period.
Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Defence/Aerospace, 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 revenues of about NOK 1.75 billion in 2014 and has about 1 200 employees.