Kitron ASA: Completion of acquisition of DeltaNordic and issuance of consideration shares
Globenewswire·2026-01-12 12:26

Group 1 - Kitron ASA has entered into an agreement to acquire DeltaNordic AB through its subsidiary Kitron Holding AB, with a purchase price partly settled by issuing SEK 150 million in Kitron shares [1] - The board of directors has resolved to issue 2,299,612 new shares to the sellers, with 1,192,927 shares subject to a 12-month lock-up period and 1,106,685 shares subject to a 6-month lock-up period [2] - Following the registration of the share capital increase, Kitron's share capital will be NOK 21,870,247.10, divided into 218,702,471 shares, each with a par value of NOK 0.10 [3] Group 2 - Kitron is a leading Scandinavian electronics manufacturing services company operating in sectors such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [3] - The company has operations in multiple countries, including Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States, employing approximately 3,000 people [3] - Kitron reported revenues of EUR 647 million in 2024 [3]