Electronics Production | February 26, 2010
Orbit One takes over Siemens unit
Sweden based EMS provider Orbit One takes over a facility from Siemens Building Technologies in Stockholm, Sweden in a deal worth approximately 25 million Euros.
Under the agreement Orbit One will take over the manufacturing of electromechanical work from Siemens Building Technologies and thereby secures 70 jobs at the facility based in Stockholm. The deal will put Orbit One among of the strongest contract manufacturers of electronic and electro-mechanics in the Stockholm region. An important part of the deal is that Orbit One takes over the Siemens design department. In connection with the deal Orbit One is moving its existing unit in Stockholm to the new unit. The deal involves approximately 70 employees. Note to other media. The above information has NOT been provided in any public Press Release. Republishing is strictly forbidden and would lead to prosecution.