Kitron to acquire DeltaNordic from Mind Industrial and JSLS Holding for $80.5m.

Kitron, an electronics manufacturing services (EMS) company, agreed to acquire DeltaNordic, a provider of advanced electronics and electrical systems, from private investment holding entities, Mind Industrial and JSLS Holding, for $80.5m. “DeltaNordic has established itself as a reputable supplier of robust electronics and advanced electrical systems for defence and other demanding sectors such as mining, construction, and infrastructure. These markets are expected to drive significant growth, with a three-year outlook exceeding SEK 3.4 billion. Given DeltaNordic’s strong growth trajectory, we are confident this transaction will be earnings accretive and create substantial value for Kitron shareholders,” Peter Nilsson, Kitron CEO.