LINZ (dpa-AFX) - The technology group Kontron has received a major order from a German car manufacturer for the production of charging systems for electric cars. The order includes the development and delivery of so-called "wallboxes" for the European and Chinese markets, as the company announced on Wednesday in Linz, Austria. The deal has a volume of 120 million euros. Production is scheduled to start in the third quarter and run until 2028. The client was not named. The news was well received on the stock market: The share, which is listed in the small-cap segment SDax, rose by a good three percent by early afternoon.

Kontron is relying on the help of its new subsidiary eSystems for the development. The project is already Kontron's second major order for such charging systems. As recently as May, the company received an order for such electric car charging stations for the home with a volume of at least EUR 200 million. The CEO of Kontron, Hannes Niederhauser, explained that these major orders show that the corresponding "Smart Charging" division is a "central and value-creating component" in Kontron's portfolio./hossop/nas/mis