PartnerTech and Securitas Direct Verisure sign framework agreement
PartnerTech AB has signed a framework agreement with Securitas Direct Verisure, the leading provider of connected home alarms in Europe, for the manufacturing of the company’s products. The agreement initially covers Securitas Direct Verisure’s gateway Vbox Mini.
The framework agreement runs over 3 years and is initially expected to be worth approximately SEK 80 million. It covers manufacturing of prototypes in PartnerTech’s unit in Malmö, Sweden as well as serial production in the unit in Sieradz, Poland.
"We are very proud that Securitas Direct Verisure have chosen PartnerTech as a partner. Our ability to manage the initial stages of technically advanced products like this in close cooperation with the customer, while we can offer competitive low cost alternatives for serial production is a great advantage for our customers,” says Leif Thorwaldsson, President and CEO of PartnerTech AB.
For additional information, please call:
Leif Thorwaldsson, President and CEO, +46 40-10 26 41
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 3.15 pm on November 8, 2013.
About PartnerTech
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 1,400 employees at its plants in Sweden, Norway, Finland, Poland, the UK, the United States and China, PartnerTech reports annual sales of more than SEK 2,2 billion. PartnerTech AB (www.partnertech.com), the parent company, has its head office in Malmö, Sweden, and is listed on the Nasdaq OMX Stockholm Exchange.
Leif Thorwaldsson, President and CEO, +46 40-10 26 41
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