|
|
|
|
| Industry Press |
|
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 2, 2026 Mycronic publishes Annual Report 2025 Mycronic AB (publ) today publishes its Annual Report 2025, which can be downloaded as a PDF from the report archive on the company's website. From now on, the Annual ... March 3, 2026 Management change at Mycronic Mycronic AB has appointed Annika Haaker as Senior Vice President People & Culture and member of Mycronic's Executive Management team, with commencement ... December 31, 2025 Global Technologies makes acquisition in Germany Mycronic's Global Technologies division has acquired ETZ, a company based in Germany, which manufactures test probes. The PCB Test business line within the Global ... November 17, 2025 Mycronic presents the next level of flexible PCB assembly at Productronica Mycronic invites visitors to explore their next innovations and discover the factory of the future at Productronica 2025, November 18–21 in Munich, at booth A3.249. Attendees ... November 12, 2025 Mycronic sets a new standard in AOI automation Mycronic's PCB Assembly Solution division announces the launch of GenI™, an industry first solution designed to liberate electronics manufacturers from the complexities ... November 12, 2025 Mycronic unveils BA 01 small dot ejector for next-gen precision printing Engineered for the MY700 Jet Printer. Existing and prospective MY700 customers looking to produce advanced and dense PCB assemblies will now be able to address ... November 10, 2025 Mycronic secures turnkey solution order from a Nordic defense actor Mycronic has received a full-line, ready-to-use solution order from a major defense industry supplier based in the Nordic region. The order encompasses a complete ... September 30, 2025 Federal Electronics Enhances Operations with Mycronic MyPro S30 Printer Federal Electronics has expanded its production capabilities with the installation of a new Mycronic MyPro S30 Stencil Printer at its Hermosillo facility. The addition ... September 16, 2025 Mycronic appoints Nomination Committee The Nomination Committee for Mycronic's 2026 Annual General Meeting has been appointed in accordance with the instructions for the Nomination Committee as decided ... July 24, 2025 Federal Electronics Mexico Boosts Speed, Flexibility w/ New Mycronic A40DX Federal Electronics has announced a major upgrade at its Hermosillo, Mexico facility with the installation of a Mycronic MYPro A40DX Pick-and-Place system, advancing ... |
|
Free Newsletter Subscription
Circuitnet is built for professionals who bear the responsibility of looking ahead, imagining the future, and preparing for it. Insert Your Email Address |
|
|