NOTE signs agreement with Åkerströms exceeding SEK 150 million
NOTE signs agreement with Åkerströms exceeding SEK 150 million
NOTE, one of Sweden's leading contract manufacturers of electronics, has
signed an agreement for the manufacture of all Åkerströms products.
The agreement, which guarantees a minimum volume of 150 MSEK, also includes
takeover of Åkerström's own electronics production in Björbo.
Since the spring, NOTE has been manufacturing Åkerströms truck computers for tough
environments. The co-operation is now being extended to Åkerström's other
business unit, wireless radio control systems. In this context, NOTE takes
over Åkerström's own production in Björbo, comprising about 20 people.
Åkerströms recently received its second prestigious order from the USA. Previously, the
Ford chose Åkerströms, and now Mercedes has also chosen Åkerströms computers
for its production facility in Alabama.
"What we see is the beginning of a clear expansion phase for our company",
says Marianne Arosenius, CEO of Åkerströms. "The co-operation with
NOTE enables us to focus on our core business,
i.e. the development, marketing, sales and service of our
products."
"We are very pleased with the trust Åkerströms shows us," says Erik
Stenfors, CEO of NOTE: "Within the framework of our special concept
for the takeover of production units, we are now forming a so-called Gateway in
Björbo."
The agreement, which initially runs for three years, covers all Åkerströms
products and guarantees a minimum volume of 150 MSEK. Åkerströms' own
production consisting of about 20 people in Björbo is transformed into a so-called
Gateway for the NOTE group in Dalarna. The business will
organisationally to be placed under NOTE's plant in Torsby.
"There are several interesting product companies in Dalarna," says Gerd Levin-
Nygren, CEO of NOTE Torsby, whose newly built production facility was inaugurated
by "Svennis" the other week. "Our concept - which is based on
proximity to customers - has been much appreciated and we expect
get additional customers through the Björbo unit."
For further information, please contact
Erik Stenfors, President and CEO of NOTE AB, +46 176 799 01 or +46 70 950 80
70
Gerd Levin-Nygren, CEO of NOTE Torsby AB, +46 (0)560-68 93 48 or +46 (0)70-811 68 48
Marianne Arosenius, CEO Åkerströms AB, +46 (0)241-250 00 or +46 (0)70-233
59 29
About NOTE
NOTE is one of Scandinavia's leading contract manufacturers of electronics
and offers specialist expertise in electronics production throughout
the value chain; from design and development through manufacturing to
aftermarket.
Net sales for 2003 totalled SEK 859 million and
profit before tax to SEK 63 million. The number of employees in
group amounts to just over 900.NOTE is listed on the Stockholm Stock Exchange's O-
list.
www.note.se
About Åkerströms
Åkerströms develops rugged truck computers for wireless networks and
products for industrial radio control of cranes, mobile units,
gates and locomotives. Åkerströms was founded in 1918 and has more than 40 years
experience in developing radio control and wireless products
technology for industry. The radio control solutions cover everything from small
pocket models to advanced control systems for complex operations. Since the
1995 Åkerströms develops market-leading ruggedised computers for extreme
industrial environments. Åkerströms is an international company that
employs 90 people with headquarters in Björbo, Sweden. Åkerströms
has partners in Europe and the United States.
www.akerstroms.se
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