Kitron enters a strategic cooperation agreement with Atlas Copco Tools AB

Kitron ASA’s subsidiary Kitron Microelectronics AB in Jönköping has signed a strategic cooperation agreement with Atlas Copco Tools AB. The agreement will be worth about NOK 45 million annually in the long run, and includes electronics manufacturing and assembly of industrial tools. Planned manufacturing start is from the third quarter of this year.

“The choice of Kitron as a partner has been based on finding a supplier who can live up to the very high standards we impose on a partner” says Henrik Danielsson, Purchasing Manager, Atlas Copco Tools AB.

“We are very pleased to have gained the trust of another company that is a world leader in their field and look forward to start up manufacturing at our plant in Jönköping. This also shows that our long-term work with continuous implementation of efficiency measures in all our factories gives results. In this way, Kitron is able to offer an attractive overall product on the market, ”says Nils-Gunnar Fransson, Sales and Marketing Manager, Kitron Sweden.

Atlas Copco Tools AB is part of Atlas Copco’s business area Industrial Technique that develops, manufactures and markets industrial tools, assembly systems, aftermarket products, software and services. The purpose of the development is to obtain sustainable productivity in applications in the automotive and aerospace industry, general industry and maintenance, and vehicle services worldwide. The main units for product development and manufacturing are located in Sweden, France, Japan, China and Hungary. More information is available on www.atlascopco.com

Kitron is one of Scandinavia’s leading companies in development, industrialisation and manufacturing of electronics for the Data/Telecoms, Defence, Energy, Industry, Medical equipment and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany and China. Kitron had a revenue of about NOK 1.7 billion in 2009 and has about 1,100 employees. www.kitron.com