Inission Stockholm’s CEO Christian Löfgren is delighted with the deal.
Inission has entered an agreement with ABB AB Industrial Automation regarding manufacturing where the area of use for the products is the Swedish nuclear power industry.
Deliveries consisting of spare parts for ABB AB IA-Energy Industries will begin during the fourth quarter of 2020 and will last for a total period of five years. The value of the transaction amounts to a total of SEK 26 million and is a large transaction in the aftermarket area.
The agreement is strategic and of great importance because it is a proof that the market appreciates Inission’s complete range of services where aftermarket production is an essential part. Deliveries will be made from Inission Stockholm.
– The production places very high demands on quality, reliability and competence and it is gratifying to see that the investments we have made in the area for several years have resulted in a major substantial deal. Thanks to our key expertise and together with our customer, we have successfully created a plan for an optimal production and material flow, says Christian Löfgren, CEO of Inission Stockholm AB.
For Inission, ABB is a substantial customer and the relationship goes back a long way. Currently, five factories within Inission supply both products and services, in several different areas, to ABB.
For more information please contact:
Christian Löfgren, CEO Inission Stockholm AB
0736-33 97 77
This information is such information that Inission AB is obliged to publish in accordance with the EU Market Abuse Regulation. The information was submitted, through the care of the above contact person, for publication on September 24, 2020 at 08:30 CET.
Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region complete electronic and mechanical products of the highest quality. Our services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. By combining this with logistics services and a production based on high flexibility, customer adaptation and short lead times, our offer becomes very competitive. Inission has production units in Stockholm, Västerås, Borås, Munkfors, Malmö, Trondheim (Norway), Lohja (Finland), Lagedi and Tallinn (Estonia). Inission is listed on OMX Nasdaq First North with Stockholm Certified Advisers AB ([email protected], +46 707 94 90 73) as a certified adviser. The company’s reports are archived under: www.inission.com/investor-relations.
Inission AB: org.nr 556747-1890, Lantvärnsgatan 4, 652 21 Karlstad