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].

(2025-11-19) Kitron ASA, through its subsidiary Kitron Holding AB, has entered into an agreement to acquire DeltaNordic AB, a Swedish provider of advanced electronics and electrical systems with a strong foothold in the defence market. “DeltaNordic has established itself as a reputable supplier of robust electronics and advanced electrical systems for defence and other demanding sectors such as mining, construction, and infrastructure. These markets are expected to drive significant growth, with a three-yea ...

(2025-10-20) Kitron has received an order with a value of EUR 100 million from a customer in the Defence/Aerospace market sector. “This new order adds to our growing defence order backlog and demonstrates the strong customer demand in this segment,” says Peter Nilsson, CEO of Kitron. Deliveries are set to take place in 2025 and 2026. For further information, please contact:Peter Nilsson, President and CEO, tel. +47 948 40 850Hans Petter Thomassen, VP Nordics and North America tel. +47 91392360Email: investo ...

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]