Smarteq signs contract with Kathrein to expand business in strategic market
Smarteq has signed a strategic contract with Kathrein, a world-leading communication technology supplier. The agreement gives Smarteq exclusive marketing and reseller rights to Kathrein’s products targeted at the European Automotive aftermarket, a key focus area for Smarteq. The contract brings an estimated SEK 15-20 million of sales revenue on an annual basis, starting at the takeover point in May 2015.
The contract enables Smarteq to offer Kathrein products, together with its own current and future products, through all available channels for the designated market segment, including Kathrein’s reseller network and affiliates in 15 European countries. To serve new customers related to the partnership, Smarteq will provide dedicated sales resources for Europe.
Smarteq Wireless AB, Kronborgsgränd 7, 164 46 Kista, Sweden
Phone: +46 8 792 92 00
Fax: +46 8 792 06 77