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HANZA Group: HANZA wins deal with TYRI exceeding SEK35 million annually

07:21 / 20 June 2019 Hanza Press release

Manufacturing strategist HANZA Holding AB (publ), listed on Nasdaq Stockholm, has today signed a deal with TYRI Lights worth at least SEK35 million per year. The deal involves the manufacturing of lighting products with LED technology.

"We have continuously expanded our capabilities across our six clusters, including our center in Central Europe, to ensure our customers benefit from the latest technology," said Thomas Lindström, Senior Vice President, Head of Business Solutions at HANZA. "Supporting TYRI with the manufacturing of lighting products from this cluster shows the advancements HANZA has made to help customers with a range of offerings from both the Nordic region but also in the rest of Europe."

Production starts in HANZA's manufacturing cluster in central Europe during the third quarter of 2019 and will be fully operational during the first half of 2020.

TYRI is a leader in lighting for road and off-road machines. The company develops intelligent lighting solutions with LED, HID / Xenon and halogen technology. The solutions meet the specific and stringent requirements for heavy vehicles, mining, forestry, construction industry, agriculture and material handling.

"We have developed our supply chain for electronics solutions to increase competitiveness, where HANZA will play an important role in offering a high-quality manufacturing process from Cluster Central Europe", said Peter Bilfeldt, Sourcing Manager at TYRI.



About HANZA:

HANZA modernizes and streamlines the manufacturing industry. We create shorter lead time with more environmentally friendly processes and increase profitability for clients by bringing together different manufacturing technologies locally. Founded in 2008, HANZA today has an annual revenue of 1.8 billion SEK and operates in Sweden, Finland, Estonia, Poland, Czech Republic and China. Among HANZA's clients are leading companies like ABB, Epiroc, Getinge, Saab Defense och Siemens. For more information visit 

The shares in HANZA are listed on Nasdaq Stockholm.

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