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| Industry Press |
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February 12, 2016
Mycronic acquires RoyoTech and Kognitec Täby -- Mycronic AB (publ), has acquired 75 percent of RoyoTech Digitalelektronik GmbH and has an option to acquire the remaining 25 percent. At the same time Mycronic acquires 100 percent of Kognitec Vertrieb and Service GmbH. Both companies are based in Hühenkirchen, Germany. RoyoTech develops and manufactures the SMD Tower -- an intelligent storage solution of electronic components. Kognitec is distributing the SMD Tower in parallel with Mycronic to the SMT market globally. Mycronic has marketed the SMD Tower worldwide since 2008 and is RoyoTech's main distributor and largest customer. The storage concept was originally developed in close collaboration with German customers in 2004. Today there are approximately 1,000 SMD Towers installed at customer sites globally. The acquisition secures the rights to a strategic product already part of Mycronic's SMT portfolio. RoyoTech is a private company founded in 1991, based in Höhenkirchen in Germany, and has ten employees. The founder and owner Peer Mietusch will retain 25 percent of the shares in the company and will remain CEO. RoyoTech had a turnover of EUR 3.3 million in 2014, of which the major part stems from Mycronic. Kognitec is a private company founded by Peer Mietusch in 2013 with revenue of EUR 0.650 million in 2014. The companies will be consolidated into the Mycronic Group as of 1 January, 2016. "We are happy to have concluded these acquisitions. They represent a natural next step to deepen the collaboration with RoyoTech as we see an increasing demand for the SMD Tower from our core customers as well as from large manufacturers using assembly equipment from other suppliers", says Robert Gothner, Senior VP and General Manager, Business Area SMT, Mycronic AB. The SMD Tower is already well integrated into Mycronic's intelligent material handling solution and a vital building block in the agile manufacturing solution Mycronic 4.0, that masters the complexity of modern electronics production. Mycronic AB More Information April 12, 2024 Mycronic receives order for an SLX mask writer Mycronic AB (publ) has received an order for an SLX mask writer from a new customer in Asia. The order value is in the range ... April 1, 2024 Mycronic to showcase high-productivity assembly solutions at IPC APEX EXPO Mycronic will continue to respond to growing customer demand for high-flexibility, high-productivity solutions for zero-defect ... March 22, 2024 Management change at Mycronic As a result of the preparations ahead of a possible listing of Axxon on a stock exchange in China, effective March 19, 2024, Ivan Li ... November 10, 2023 Mycronic receives order for a Prexision 8 Evo Mycronic AB (publ) has received a replacement order for a Prexision 8 Evo from an existing customer, for delivery to Asia. ... October 5, 2023 Mycronic receives first order for solid state laser upgrades Mycronic AB (publ) has received the first order for upgrades of already installed display mask writers from gas laser to solid state ... September 21, 2023 Mycronic receives order for a Prexision 8 Evo Mycronic AB (publ) has received an order for a Prexision 8 Evo from an existing customer in Asia. The order value is in the range of USD 17-20 million. Delivery of the system ... July 11, 2023 MRSI to exhibit and present at LASER World of PHOTONICS CHINA We are pleased to announce that MRSI, Mycronic Group will be exhibiting at LASER World of PHOTONICS CHINA and will present at the LaserFocusCon laser technology ... June 23, 2023 Mycronic receives order for an SLX mask writer Mycronic AB (publ) has received an order for an SLX mask writer from an existing customer in Asia. The order value is in the range of USD 7-9 million. Delivery of the system ... June 12, 2023 Mycronic receives order for an SLX mask writer Mycronic AB (publ) has received an order for an SLX mask writer from an existing customer in Asia. The order value is in the range of USD 4-6 million. Delivery of the system ... May 19, 2023 Mycronic receives order for a Prexision 8 Evo and a Prexision Lite 8 Evo Mycronic AB (publ) has received an order for a Prexision 8 Evo and a Prexision Lite 8 Evo from an existing customer in Asia. The order value is in the range ... |
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