Kitron

Asker, Norway Founded: 1962 • Age: 64 yrs
Electronic manufacturing services and circuit boards are provided in Scandinavia.
Annual revenue $663.2M Latest available
Total funding $9.3M 4 rounds
Employees 13 Tracked headcount
Investors 2 Known backers
Products - Services tracked
Competitors - Brand Intelligence

About Kitron

Kitron is a company based in Asker (Norway) founded in 1962. Kitron has raised $9.33 million across 4 funding rounds from investors including European Union and Creades. The company has 13 employees as of April 21, 2025. Kitron has completed 1 acquisition, including BB Electronics.

  • Headquarter Asker, Norway
  • Employees 13 as on 21 Apr, 2025
  • Sectors
    Technology
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Kitron India Services Private Limited
  • Date of Incorporation 01 Sep, 2021
  • Jurisdiction Chennai, Tamil Nadu, India
Operational Areas
Technology → Semiconductors, Electronics & Hardware Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $663.24 M (USD)
    -15.01
    as on Dec 31, 2024
  • Net Profit
    $28.69 M (USD)
    -44.22
    as on Dec 31, 2024
  • EBITDA
    $68.13 M (USD)
    -22.2
    as on Dec 31, 2024
  • Total Equity Funding
    $9.33 M (USD)

    in 4 rounds

  • Latest Funding Round
    $80.27 K (USD), Grant

    Jan 01, 2023

  • Investors
  • Employee Count
    13

    as on Apr 21, 2025

  • Investments & Acquisitions
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People of Kitron

Headcount 1000-5000
Employee Profiles 107
Board Members and Advisors 7
Employee Profiles
People
Mindaugas Sestokas
VP, Central Eastern Europe
People
Hans Petter Thomassen
VP, Nordics & North America
People
Arkadiusz Tamiła
Process Automation Engineer
People
Stian Haugen
Chief Technology Officer

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Board Members and Advisors
people
Tuomo Lähdesmäki
Chairman of the Board
people
Jarle Larsen
Board Member
people
Maalfrid Brath
Board Member
people
Petra Grandinson
Board Member

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Funding Insights of Kitron

Kitron has successfully raised a total of $9.33M across 4 strategic funding rounds. The most recent funding activity was a Grant round of $80.27 thousand completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Kitron

Kitron has secured backing from 2 investors, including institutional and venture fund investors. Prominent investors backing the company include European Union and Creades.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Private equity investments in SMEs are managed by the firm.
Locked Locked Locked
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
Locked Locked Locked
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Investor details for Kitron

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  • Investor domains
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Investments & Acquisitions by Kitron

Kitron has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include BB Electronics.

Investments
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Investment portfolio details for Kitron

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  • Transaction dates
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Acquisitions
Company Name Description Domain Location Founded Year Amount
Electronics manufacturing services are offered from design to after-sales support.
Locked Locked 1975 Locked
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Complete acquisition details for Kitron

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  • Disclosed values
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Financial Statements - Kitron

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Detailed financials for Kitron

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  • Profit trends
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Kitron Comparisons

Kitron Primary company
Description
Electronic manufacturing services and circuit boards are pro...
Location
Asker, Norway
Founded Year
1962
Annual Revenue
$663.24 M (USD)
Net Profit
$28.69 M (USD)
EBITDA
$68.13 M (USD)
Employees
13
As of 2025
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Peer comparison for Kitron

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  • Headcount comparison
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Competitors of Kitron

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Detailed competitors of Kitron

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Latest news on Kitron

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Complete news archive for Kitron

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  • Brand-specific news history

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Frequently Asked Questions about Kitron

Kitron was founded in 1962 and raised its 1st funding round 43 years after it was founded.

Kitron is headquartered in Asker, Norway. It is registered at Asker, Viken, Norway.

Kitron is a funded company, having raised a total of $9.33M across 4 funding rounds to date.

As of Apr 21, 2025, the latest employee count at Kitron is 13.

Annual revenue of Kitron is $663.24M as on Dec 31, 2024.

The company was founded in 1962 and is based in Asker, Norway. Electronic manufacturing services are operated across Scandinavia, with a focus on contract production of goods containing electronic components. The supply chain is managed from product development through to distribution, while repair and maintenance activities are also handled. Operations remain centered in the electronics sector for industrial clients.

Kitron has made 1 acquisition, including BB Electronics.

Kitron has 2 investors. Key investors include European Union, and Creades.

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