Kitron to Buy EDC Plant
Published: 29 June 2007
by Staff
LYSAKER, NORWAY – Kitron ASA will acquire EDC i Munkfors' subsidiary EDC Elsis UAB in Kaunas, Lithuania, for SEK 14 million.
The deal is subject to customary closing conditions, which are expected to be completed by August.
Further agreements may be forthcoming, the companies said.
Kitron, which supplies electronics to the medical, defense and telecom industries and performs EMS work, has annual sales of 1.7 billion NOK and employs 1,300.
The EDC site employs about 40 people at its 2,000 sq. meter manufacturing facility.
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