Semcon signs order worth EUR 15 million with a German automotive OEM.

Semcon has signed an order with an automotive OEM in Germany, worth more than EUR 15 million (around SEK 130 million) for development of a new car model. 

The project involves expanding the current product family, which will include the development of a derivative based on an existing coupé model.

“German manufacturers are strong in the global automotive industry and it is pleasing to us that we have signed new contracts in this market. The deal also confirms the trend of automotive OEM choosing to outsource larger projects to independent engineering development companies,” says Stefan Ohlsson President, Automotive R&D.

The project, with duration of three years, starts immediately with the concept phase and enters the development phase by mid-2013. Semcon’s German business will have primary responsibility for management and implementation of the project. 

Stefan Ohlsson, President Automotive R&D, +46 (0) 736 840 555
Markus Granlund, CEO Semcon AB, +46 (0) 31 721 03 11
Anders Atterling, IR & PR manager, Semcon AB, +46 (0) 704 472 819

Semcon is a global company active in the areas of engineering services and product information. The Group has nearly 3,000 employees with extensive experience from many different industries. We develop technologies, products, plants and information solutions along the entire development chain and also provide many services including quality control, training and methodology development. Semcon boosts customers’ sales and competitive strength by providing them with innovative solutions, design and solid engineering solutions. The Group has sales of SEK 2.5 billion and activities at more than 45 sites in Sweden, Germany, the UK, Brazil, Hungary, India, China, Spain and Russia

Tags:

About Us

Semcon is an international technology company that develops products based on human needs and behaviours. We strengthen our customers’ competitiveness by always starting from the end user, because the person who knows most about the user’s needs creates the best products and the clearest benefits to humans. Semcon collaborates mainly with companies in the automotive, industry, energy and life science sectors. With more than 2000 specialised employees, Semcon has the ability to take care of the entire product development cycle, from strategy and technology development to design and product information. Semcon was founded in Sweden in 1980 and has offices in over 30 locations in eight different countries. In 2016, the Group reported annual sales of SEK 1.8 billion. Read more on semcon.com

Subscribe

Documents & Links

Quotes

German manufacturers are strong in the global automotive industry and it is pleasing to us that we have signed new contracts in this market. The deal also confirms the trend of automotive OEM choosing to outsource larger projects to independent engineering development companies
Stefan Ohlsson, President Automotive R&D