PartnerTech obtains orders in the defense industry
PartnerTech has obtained new orders worth a total of approximately SEK 90 million from two customers in the defense industry.
The orders cover mechanical components and production will take place at the PartnerTech plant in Karlskoga for deliveries throughout 2012 and the first two quarters of 2013. Revenue is expected from the third quarter 2012.
“During last year we have seen a strong recovery in our Defense and Marine market area. These new orders are a further sign of this positive development and constitute an important part of PartnerTech’s operational area Machining”, says Leif Thorwaldsson, President and CEO of PartnerTech.
For more information, please contact:
Leif Thorwaldsson, President and CEO, Tel: +46 (0) 40 10 26 41
Martin Valfridsson, Managing Director, PartnerTech Karlskoga, Tel: +46 (0)73 23 93 455
PartnerTech develops and manufactures products under contract for leading companies, primarily in Information Technology, Industry, CleanTech, MedTech and Instrumentation, Defense and Maritime and Point of Sale Applications. With almost 1,300 employees at its plants in Sweden, Norway, Finland, Poland, the UK, the United States and China, PartnerTech reports annual sales of more than SEK 2,3 billion. PartnerTech AB (www.partnertech.com), the parent company, has its head office in Vellinge, Sweden, and is listed on the Nasdaq OMX Stockholm Exchange.
PartnerTech AB, corporate identity number 556251-3308
Box 103, Industrigatan 2, SE-235 22 Vellinge, Sweden
PartnerTech (publ) is required to publicly disclose the information in this press release pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for public disclosure at 4.00 pm on April 17, 2012.