Important offshore agreement for Kitron

(2014-11-24) Kitron ASA's subsidiary Kitron AS, in Arendal, Norway, has received orders from a leading company within the offshore industry. The orders have a value for Kitron of NOK 25 million, and will be fulfilled during 2015. Production will take place at Kitron's plant in Arendal, Norway...

(2014-11-24) Kitron ASA's subsidiary Kitron AS, in Arendal, Norway, has received orders from a leading company within the offshore industry. The orders have a value for Kitron of NOK 25 million, and will be fulfilled during 2015. Production will take place at Kitron's plant in Arendal, Norway.

 

"Kitron has experienced a reduced order backlog within the Offshore/Marine sector during 2014, which makes this order important in order to secure volume going into 2015," said Peter Nilsson, CEO of Kitron.

 

For further information please contact:

Peter Nilsson, CEO of Kitron ASA, tel. +47 94 84 08 50 or e-mail [email protected]

Dag Songedal, Managing Director, Kitron AS, tel. +47 91 38 64 68 or e-mail [email protected]

 

Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Defense, 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 1.6 billion in 2013 and has about 1,200 employees. www.kitron.com

 

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

Regulatory News
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: %s via Globenewswire


[HUG#1873601]