Bird & Bird Advised Kitron on Acquisition of DeltaNordic

Bird & Bird Advised Kitron on Acquisition of DeltaNordic

International law firm Bird & Bird advised leading Scandinavian electronics manufacturing services company Kitron ASA on its acquisition of DeltaNordic, a Swedish provider of advanced electronics and electrical systems with a strong foothold in the defence market.

Kitron will acquire 100% of DeltaNordic AB shares from Mind Industrial Group AB (majority owner) and JSLS Holding AB (minority owner). The price will be paid in a combination of cash and shares, based on an enterprise value of SEK 1,255 million (EUR 114 million).

The acquisition not only strengthens Kitron’s position in the growing defence and aerospace sectors but also expands its footprint in Sweden, a NATO member at the forefront of military technology innovation. It will also bring deep expertise in electronics and electrical systems for harsh environments and strengthens Kitron’s design, prototyping, and system-level production capabilities.

Kitron is a leading Scandinavian electronics manufacturing services provider serving the connectivity, electrification, industrial, medical devices, and defence/aerospace markets. The company operates in 12 sites across 11 countries across three continents.

DeltaNordic supports a portfolio of blue-chip customers across the defence, mining, and infrastructure sectors and operates two state-of-the-art production facilities in Sweden and China.

Partner Hans Svensson commented: “We’re delighted together with Norwegian lead counsel Selmer to have supported Kitron on its acquisition of DeltaNordic. The deal is a strong strategic fit, expanding Kitron’s footprint in Sweden while adding proven expertise in high reliability electronics for demanding environments and strengthening its defence and aerospace capabilities. Congratulations to all involved on a smooth, collaborative process; we look forward to seeing the combined business thrive.”

Completion is subject to approval from the Swedish Competition Authority and the Swedish Inspectorate of Strategic Products. Approval is expected in late December 2025 or early January 2026.

The Bird & Bird team advised on the transaction was led by Hans Svensson (Partner), supported by Michael Butler (Senior Associate) and Emelie Johannesson (Associate) and a team including Morten Nissen (Partner), Wendela Hårdemark (Partner) and Mårten Lindberg (Partner) with Gunnar Hjalt (Senior Counsel), Dasha Arntyr (Counsel) and Ariana Sohrabi (Counsel), with Karolina Kjellberg (Senior Associate) and Alexander Brøchner (Senior Associate) with Julia Jansson (Associate), Victor Arvidsson (Associate), Rakel Rosshagen (Associate), Noomi Jung (Associate) and Beatrice Rälg (Associate), Tuva Lind (Trainee) and Tim Su (Trainee).

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