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Kitron receives order valued at EUR 44 million driven by rising demand for Data center electrification
Globenewswire· 2025-12-18 14:45
Core Insights - Kitron has received an order valued at EUR 44 million for advanced electronic components used in energy storage and electric grid balancing systems, driven by increasing demand from the data center segment [1][2] - The order signifies an expansion of existing business and highlights Kitron's role as a trusted supplier of high-reliability electronics, supporting the global shift towards energy-intensive digital infrastructure [2] - Deliveries are set to begin in 2026, with production occurring at Kitron's facility in the United States, strategically located near emerging data center clusters [3] Company Overview - 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]