Swedish board maker snaps up test capacity
Mycronic has bought ATG Luther & Maelzer in Wertheim, Germany, from Cohu for $125m.
The deal gives Mycronic 190 staff focussed on developing and manufacturing test systems for PCBs and substrates using proprietary technology for Flying Probe Test (FPT) Systems and Grid Test Systems. The Asian market, with a focus on China and Taiwan, accounts for approximately three-quarters of net sales.
“The PCB manufacturing market is performing well and is expected to develop further over the next few years. The addition of atg broadens our offering and creates a platform for electrical testing. The acquisition strengthens Mycronic generally and underlines the Global Technologies division’s focus on leading niche technologies, which have the potential to grow faster than the market as a whole” said Anders Lindqvist, President and CEO of Mycronic.
The deal includes companies in Taiwan, Germany and China which were previously part of the Printed Circuit Board Test Group at Cohu.
The deputy CEO of Mycronic is also leaving the company. Senior vice president Niklas Edling is to take over as CEO of solid state high power system developer Scandinova Systems in Sweden in November.
“Niklas has done a fantastic job in several different roles during his 10 years at Mycronic. I would like to thank him for his great contribution and wish him all the best in his new endeavour,”said Lindqvist.
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