PKC Group wins new business contracts in the amount of about EUR 30 million

PKC Group Plc         Company Announcement 25 March 2015         12.00 pm
 

PKC Group wins new business contracts in the amount of about EUR 30 million

PKC Group has won new business contracts in the amount of about EUR 30 million from two major global vehicle manufacturers. The new contracts are estimated to launch by 2018 and to generate annual revenue of about EUR 30 million.

The major part of the revenue relates to the engagement of PKC North America to manufacture high current fuse modules and associated EDS routing and retention shields for a new light vehicle platform. The focus of the PKC North America components has been on special power distribution center (PDC) development for commercial and light commercial vehicles. However, extension of this product line to light vehicles provides PKC with economies of scale and strengthens its partnership with a key customer.

In addition, PKC Group has been selected as a global wiring harness supplier to a leading global agriculture vehicle manufacturer. PKC Group will supply complete harnesses to a new agricultural equipment platform. This new business award strengthens PKC Group’s market position within global agricultural equipment segment.

PKC Group Plc

Board of Directors

Matti Hyytiäinen

President & CEO

For more information, please contact:

Matti Hyytiäinen, President & CEO, PKC Group Plc, tel. +358 (0)400 710 968

Distribution

Nasdaq Helsinki

Main media

www.pkcgroup.com

PKC Group is a global partner, designing, manufacturing and integrating electrical distribution systems, electronics and related architecture components for the commercial vehicle industry and other selected segments. The Group has production facilities in Brazil, China, Estonia, Finland, Germany, Lithuania, Mexico, Poland, Russia, Serbia and the USA. The Group's revenue in 2014 totalled EUR 829.2 million. PKC Group Plc is listed on Nasdaq Helsinki.