Kitron communicates two orders

Electronic Manufacturing Services (EMS) company Kitron ASA (OSE: KIT) delighted the markets with large orders. A Lithuanian subsidiary Kitron UAB from Kaunas received Industrial segment orders worth some 150 million NOK for a 3-4 year period. The orders include manufacturing and testing of electronic PCBA for a global customer.

Also an offshore industry firm ordered a total of 55 million of services from Kitron. These purchases are related to an announcement on October 27th 2011 for an agreement in between 2012 and 2014 with an expected turnover between 200 and 300 million NOK. The stock jumped 5.5% in the session.