NOTE grows with new business in the engineering industry
NOTE has won a new contract with a leading international group in the Motion and Control segment. NOTE will manufacture the electronics for advanced control units for various types of machinery and vehicles. Development and production customisation are ongoing, and batch production is scheduled to start in the first quarter of next year. The potential of this collaboration is significant, with initial sales estimated at some SEK 50 million/year. Production will take place at NOTE's plant in Torsby, Sweden.
”Our business in Sweden continues to develop very positively. We continue to win new business, both from new and existing customers. This deal is good proof that professional and demanding industrial customers appreciate our strong offering with high technical expertise as well as industry-leading quality and delivery precision. We estimate that this expanded cooperation will develop very strongly already in 2021”, says Johannes Lind-Widestam, NOTE's President and CEO.
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
About NOTE
NOTE is one of northern Europe's leading partners for electronics manufacturing. NOTE manufactures printed circuit boards (PCBA), 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, Bulgaria and China. Sales in the last 12 months were SEK 3,687 million and the group has some 1,400 employees. NOTE is listed on Nasdaq Stockholm. For more information, please visit www.note-ems.com.
IThe information was submitted for publication on 23 November 2020 at 08.30 CET.