NOTE establishes a new customer partnership with Micropower Group
NOTE has initiated a collaboration with Swedish company Micropower, which manufactures power supply products. Production has recently started at NOTE's plants in Lund and Pärnu.
NOTE manufactures PCBs and box builds for lithium-ion batteries, which are delivered to Micropower in Växjö. Both manufacturing and logistics arrangements have been designed in consultation between both parties. When the battery systems are ready, they will be used by Micropower's customers in various business areas. Annual sales are expected to be around 20 MSEK.
”I'm pleased that Micropower has chosen NOTE as its electronics partner, as it operates in a growing market with very high quality requirements”, says Johannes Lind-Widestam, NOTE's President and CEO. ”We also feel that Micropower fits well into our organisation, as we have factories in several countries and can therefore grow together with the customer in the future.”.
”We are in a very expansive phase and need partners who have the ability to quickly adapt production capacity with a high and stable level of quality. The agreement with NOTE means that we secure production capacity that complements our own production in a good way”, says Torbjörn Gustafsson, President and CEO of Micropower Group.
For further information, please contact:
Johannes Lind-Widestam, President and CEO, tel. 070-541 72 22
Henrik Nygren, Chief Financial Officer, tel. 070-977 06 86
Torbjörn Gustafsson, President and CEO Micropower Group, tel. 070-393 79 29
About NOTE
NOTE is one of northern Europe's leading electronics manufacturing partners. NOTE manufactures printed circuit boards, sub-assemblies and complete products (box build). Its customer offering covers the whole product lifecycle, from design to after-sales. NOTE is established in Sweden, Finland, the UK, Estonia and China. Sales in the last 12 months were SEK 1,379 million, and the group has approximately 1 080. NOTE is listed on Nasdaq Stockholm. For more information, please visit www.note.eu.
About Micropower
Micropower is an independent manufacturer of battery chargers, modular lithium-ion batteries and systems for industrial use. With nine operating companies around the world, we operate in four segments - Motive, Automotive, Custom Power and Energy Storage. Our vision is to be the international market leader in advanced, high-frequency chargers, lithium-ion technology and innovative power supply solutions. The Micropower Group develops, produces, sells and supports a complete range of solutions for optimised battery charging, modular lithium-ion solutions and power supplies. The products are of the highest quality and based on the latest, advanced technologies. Every year we deliver more than 500 000 units to customers and retailers all over the world. Find out more at www.micropower-group.com.
The information was submitted for publication on 10 April 2019 at 08.30 CET.