Kitron Awarded New Industrial Project With Danaher Motion
5 February 2010
Kitron ASA announces that its subsidiary Kitron AS has been awarded a new industrial project as part of a long term relationship with Danaher Motion Stockholm AB. The agreement covers development, industrialisation and manufacturing services, and represents a unification and strengthening of the co-operation between Kitron AS and Danaher Motion Stockholm AB. The scope of the project represents a total value of more than NOK 100 million over five years.
Kitron AS in Arendal has for years been an important supplier to Danaher Motion Stockholm AB. In this project Kitron said it has been selected because of the expertise and flexibility that Kitron AS in Arendal has, as well as for the global expansion that Kitron is now implementing. Overall, this will contribute to strengthening Danahers competitiveness in the market, and represents recognition of Kitron's establishment in China.
"Complex industrial products is an important strategic priority area for Kitron. This contract shows that Kitron possesses the right qualifications that our customers need," says Dag Songedal, Managing director of Kitron AS.
