High Volume division makes acquisition in Germany
Mycronic has acquired Modus High-Tech Electronics GmbH, a Dusseldorf-based provider of automated optical inspection systems for electronics volume production.
Modus was founded in 1999, has 18 employees and more than 1,650 scanners and 650 camera systems in service. Net sales in 2023 amounted to 4 MEUR. The company provides solutions for automated optical inspection of coating, soldering, and components within printed circuit board assembly. Modus has also developed solutions for fuel cell inspection.
“Modus’ inspection systems are an integral part of conformal coating production lines, where Mycronic’s High Volume division is a global leader in electronics conformal coating solutions. Together we will be able to offer complete and optimized solutions to our respective customers”, says Ivan Li, Sr VP High Volume at Mycronic.
For additional information, please contact:
Ivan Li
Sr VP High Volume
Tel: +86 185 942 773 16
E-mail: ivan.li@mycronic.com
Sven Chetkovich
Director Investor Relations
Tel: +46 70 558 39 19
E-mail: sven.chetkovich@mycronic.com
The information in this press release was published on October 17, 2024, at 10:00 a.m. CEST.
About Mycronic
Mycronic is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic’s headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Mexico, the Netherlands, Singapore, South Korea, United Kingdom, United States and Vietnam. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com