Kitron Group Acquires DeltaNordic to Enhance Defense Capabilities and Growth Strategy
Kitron Group has acquired DeltaNordic, enhancing its capabilities in electrical cabinets and control boards for defense applications. CEO Peter Nilsson outlines the strategic benefits of this acquisition, including the potential for multi-year revenue growth targeting €1.5 billion by 2030. The company employs a unified operating model that facilitates agility and reliable delivery. Market trends for 2026 indicate growth in connectivity and stability in electrification, along with potential value gains through strategic M&A activities in the EMS sector.
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Kitron Group has acquired DeltaNordic, significantly enhancing its capabilities in electrical cabinets and control boards tailored for combat vehicles and naval platforms. This acquisition is projected to contribute to Kitron's goal of reaching €1.5 billion in revenue by 2030.
The company utilizes a one-company operating model, which allows for efficient resource allocation and margin protection amidst market shifts. Analysis of market trends suggests connectivity will see the fastest growth by 2026, while industrial sectors are rebounding. Kitron aims to leverage selective acquisitions to bolster organic growth, particularly in the EMS sector.
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