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Kitron Source : Kitron ASA 20 déc . 2021 15h51 HE Kitron acquires Danish EMS provider , expands geographic footprint ( 2021-12-20 ) Kitron has entered into an agreement to acquire Danish EMS company BB Electronics A / S , which has production facilities in Denmark , China and the Czech Republic . The deal is clearly earnings accretive and adds significant shareholder value . " BB Electronics gives us a solid position in one more Nordic country and extends Kitron's footprint in CEE and China . The acquisition also provides a pathway to establishment in India . BB Electronics has well - run and highly automated manufacturing operations serving a loyal long - term customer base . Its position within higher- complexity segments fits perfectly with Kitron's strategy , " said Peter Nilsson , President and CEO of Kitron . " We're impressed with the track record of the BB team and look forward to working together . We expect BB Electronics to continue with very little change . BB CEO Carsten Christensen will join the Kitron Group management , maintaining current responsibilities . We expect the transaction to be immediately earnings accretive for Kitron , while also supporting our growth strategy , " said Mr. Nilsson . Founded in 1975 , BB Electronics is a full - service EMS ( Electronics Manufacturing Services ) provider based in Horsens , Denmark . The group has revenues of about DKK 1,000 million in 2021 and about 750 employees and has over the past years grown significantly , both organically and through M & A . The customer base is concentrated within industry , telecom and medical . " We believe the match with Kitron is excellent and provides an even stronger platform for BB Electronics , including a North American manufacturing presence , which is in strong demand from our existing customer base . We look forward to executing on our growth strategy under the Kitron umbrella , " said Carsten Christensen , CEO of BB Electronics . " The European EMS industry is highly fragmented , and we're convinced that we will be even stronger together as we leverage our individual strengths to continue both companies ' track records of profitable growth , " added Mr. Nilsson . Transaction details • Kitron will acquire 100 percent of the shares of BB Electronics A / S from BB Electronics Holding ApS , which is owned by external investors as well as BB Electronics management for a total of DKK 600 million ( approximately NOK 822 million ) , on a debt- and cash - free ( Enterprise Value ) basis . • The acquisition includes all operations and assets of BB Electronics , inter alia in Denmark , the Czech Republic and China . • BB Electronics is highly complementary to Kitron , adding operations in jurisdictions where Kitron currently has a limited presence . Key strategic benefits • The acquisition will provide Kitron with a strategic geographical expansion , establishing a presence and gateway in Denmark , an additional Nordic country . Further , Kitron will have a strengthened presence in CEE with a site in the Czech Republic , a pathway to establishment in India and increased footprint and added capacity and capabilities in China . • The acquisition provides opportunities for synergies . Following completion , Kitron expects to increase its competence and offering within production automation and sees new opportunities for efficiency improvements . • Existing BB Electronics customers may benefit from Kitron's US operations , providing a broader customer base for the combined group . • Valuable management resources will add to Kitron and profitable contribution to Kitron is expected from day 1 following completion .