Core Insights - Kitron has signed a contract valued at EUR 7 million for the production and supply of advanced electronics for autonomous systems in the defense industry, with deliveries starting in Q1 2026 [1] - The order highlights Kitron's strong position in the autonomous systems sector, emphasizing the importance of rapid scalability and high quality, which aligns with the company's business model and growth ambitions in Defense & Aerospace [2] 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 a workforce of approximately 3,000 employees and reported revenues of EUR 647 million in 2024 [3]

Core Insights - Kitron has secured an order valued at EUR 55 million from a customer in the Defence/Aerospace sector, indicating strong demand in this market [1] - The CEO of Kitron, Peter Nilsson, emphasized the company's agility and capability to scale operations rapidly in response to market needs [1] - Deliveries for this order are scheduled for 2026 [1] Company Overview - Kitron is a prominent Scandinavian electronics manufacturing services company, operating in sectors such as Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [2] - The company has a workforce of approximately 3,000 employees and reported revenues of EUR 647 million in 2024 [2] - Kitron has operations in multiple countries, including Norway, Sweden, Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China, and the United States [2]

Core Viewpoint - Kitron ASA has successfully completed a private placement of up to 17,000,000 new ordinary shares, raising approximately NOK 973.25 million in gross proceeds to finance the acquisition of DeltaNordic AB and for general corporate purposes [2][3][4]. Group 1: Private Placement Details - The private placement involved the allocation of 17,000,000 Offer Shares at an offer price of NOK 57.25 each [3]. - Approximately NOK 814 million of the net proceeds will be used for the cash consideration in the acquisition of DeltaNordic AB, with excess funds directed towards general corporate purposes and strengthening the balance sheet [4]. - The Offer Shares will be issued based on the existing board authorization from the annual general meeting held on 24 April 2025 [5]. Group 2: Settlement and Registration - Notifications of allocation and payment instructions are expected to be distributed on 26 November 2025 [6]. - Settlement of the private placement will occur on a delivery versus payment basis, with expected registration of the share capital increase with the Norwegian Register of Business Enterprises around 27 November 2025 [7][8]. - Following the registration, the company's share capital will amount to NOK 21,640,285.90, divided into 216,402,859 shares [9]. Group 3: Shareholder Considerations - The private placement deviates from shareholders' pre-emptive rights, but the board believes it serves the common interest of the company and its shareholders by enabling efficient equity financing [10][11]. - The private placement will result in a limited dilution of existing shareholders, representing 8.5% new shares, with pricing set at a modest discount of approximately 4.9% to the last closing price [12]. Group 4: Management Participation - Key management personnel, including the CEO and CFO, were allocated Offer Shares in the private placement, indicating confidence in the company's future [17]. Group 5: Company Overview - Kitron ASA is a leading Scandinavian electronics manufacturing services company, with operations across multiple countries and revenues of EUR 647 million in 2024 [14].

Core Viewpoint - Kitron ASA has agreed to acquire DeltaNordic AB, a Swedish provider of advanced electronics and electrical systems, particularly in the defence sector, which is expected to enhance Kitron's capabilities and market position [1][2]. Transaction Details - Kitron will acquire 100% of DeltaNordic AB shares for an enterprise value of SEK 1,255 million (EUR 114 million), with a cash component of SEK 760 million (EUR 69 million), Kitron shares worth SEK 150 million (EUR 14 million), and an earn-out payment of SEK 345 million (EUR 31 million) based on revenue targets [8]. - The acquisition is subject to approval from the Swedish Competition Authority and the Swedish Inspectorate of Strategic Products, expected to be completed by late December 2025 or early January 2026 [8]. Strategic Rationale - The acquisition strengthens Kitron's position in the fast-growing Defence & Aerospace sector and expands its footprint in Sweden, a NATO member known for military technology innovation [8]. - DeltaNordic's expertise in designing and manufacturing electronics for demanding environments will enhance Kitron's capabilities in design, prototyping, and high-level system production [8]. - Minimal customer overlap between the two companies creates new growth opportunities [8]. Financial Outlook - DeltaNordic's revenues are projected to be approximately SEK 815 million (EUR 74 million) in 2026, with about half coming from defence customers [3]. - EBITDA for DeltaNordic is estimated at SEK 120–140 million (EUR 11–13 million) in 2026, supported by a strong order book [8]. - Kitron's revenue excluding DeltaNordic is projected to be EUR 700–740 million in 2025 and EUR 785–865 million in 2026 [16].

Core Insights - Kitron has secured a EUR 100 million order from a customer in the Defence/Aerospace market, indicating strong demand in this sector [1] - The order will contribute to the growing defence order backlog of the company, with deliveries scheduled for 2025 and 2026 [1] Company Overview - Kitron is a leading Scandinavian electronics manufacturing services company operating in various sectors including Connectivity, Electrification, Industry, Medical devices, and Defence/Aerospace [2] - The company has a workforce of approximately 2,400 employees and reported revenues of EUR 647 million in 2024 [2]

Core Insights - Kitron has secured a multi-year agreement with a U.S.-based customer for the manufacturing of advanced sensor-based products aimed at the European market, valued at approximately EUR 7 million annually, starting in late Q4 2025 [1][2] - The agreement highlights Kitron's manufacturing capabilities and its strategy to enhance growth in the Connectivity sector through technology leadership and operational excellence [2] 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 a workforce of about 2,400 employees and reported revenues of EUR 647 million in 2024 [3]