Benchmark International is pleased to announce the acquisition of Modus high-tech electronics GmbH by Mycronic AB.
Modus high-tech electronics GmbH, based in Willich, Germany, develops optical scanner systems for industrial use. They specialize in automatic optical inspection (AOI) systems for the testing of electronic components. In addition, they provide custom software and hardware solutions to enhance the inspection process for electronic manufacturers globally.
Mycronic AB is a Swedish high-tech company that develops and manufactures high precision production equipment for the electronics industry. Counting more than 2,000 employees, the company is represented in over 50 countries.
Shenzhen Axxon Automation Co. Ltd., a subsidiary of Mycronic AB, provides advanced coating systems. The acquisition of Modus high-tech electronics GmbH, previously one of Shenzhen Axxon Automation Co. Ltd.’s key suppliers, strengthens Mycronic AB’s market position by expanding its product portfolio along the value chain. This strategic move brings substantial benefits through cost efficiencies and augmented synergy effects.
“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.
Represented by Felix von der Heyden from Benchmark International, the shareholders of Modus high-tech electronics GmbH remarked: “We are extremely thrilled that Benchmark International has found a strong partner who will ensure the continued development and growth of Modus. We look forward to the added value we can provide to our clients through the synergies created.”
ABOUT BENCHMARK INTERNATIONAL:
Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables.