From the left Jo Nordvoll Head of Market department Inission Løkken and Erik Dragset Managing Director Inission Løkken.
Norwegian Inission Løkken AS, which has been part of Inission AB since 2018, has signed a manufacturing agreement with Norwegian NoFence AS worth NOK 70 million over two years. Deliveries are expected in 2023 and 2024.
NoFence is a Norwegian company founded in 2011 with the aim of developing technology that makes it easy to keep animals on pasture and at the same time ensure good animal welfare. With its patented technology, the company can today offer two different products, a collar for cattle and a collar for goats and sheep. The cattle and the virtual fence are controlled through NoFence’s own app.
The agreement is part of NoFence’s strategy to work closely with its suppliers and covers circuit board manufacturing, assembly into finished products and delivery of approximately 17,000 cattle collars and 27,000 sheep and goat collars. The planned growth is significant and there is a clear expectation from both parties to further develop the collaboration in the coming years.
– We are proud that NoFence chose Inission as a strategic partner. All our process and production equipment will be needed. We are responsible for circuit board manufacturing and assembly into finished products. In addition, we are responsible for testing and test development and finally packaging and delivery. Our proximity, our technical know-how and our ability to deliver the entire value chain were decisive in the evaluation process, says Inission Løkken’s Managing director Erik Dragset.
– NoFence and Inission Løkken’s partnership goes back several years and we place high demands on the collaboration in the development of competitive products and an efficient production line. The willingness to think together with us as a customer, to constantly work on cost reductions, improvements in the value chain and optimization of the product is crucial for our joint success. NoFence is now gearing up for strong growth and Inission shows that it has the ambition to accompany us on this journey, says NoFence CEO Knut Bentzen.
For more information about NoFence please visit www.nofence.no
For more information:
Erik Dragset, Managing director Inission Løkken AS
erik.dragset@inission.com
+47 901 62 348
The information was submitted, through the care of the above contact person, for publication on October 21, 2022 at 08:30 CET.
About Inission
Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region complete electronic and mechanical products of the highest quality. Our services cover the entire product life cycle, from development and design to industrialization, volume production and aftermarket. By combining this with logistics services and a production based on high flexibility, customer adaptation and short lead times, our offer becomes very competitive. Inission has production units in Stockholm, Västerås, Borås, Munkfors, Malmö, Løkken Verk (Norway), Lohja (Finland) Lagedi and Tallinn (Estonia). Inission is listed on Nasdaq First North.