Mycronic’s Global Technologies division has signed an agreement to acquire Vanguard Automation, a company headquartered in Karlsruhe,
Vanguard Automation’s area of expertise is adjacent to and complementing that of the die bonding business line in the Global Technologies division and the company’s technology enables future collaborative development with the die bonding business line. With this acquisition,
“Joining the
“Megatrends such as AI, cloud computing and augmented reality are boosting demand for computational power, leading to larger, more energy-intensive data centers. Vanguard Automation’s unique solutions will help speed up optical interconnects and cut energy consumption at the same time”, says Magnus Marthinsson, Sr VP Global Technologies at
In 2023 Vanguard Automation’s net sales amounted to
The transaction is expected to be finalized in
For additional information, please contact:
Magnus Marthinsson
Sr VP Global Technologies
Tel: +46 8 638 52 00
E-mail: magnus.marthinsson@mycronic.com
Director Investor Relations
Tel: +46 70 558 39 19
E-mail: sven.chetkovich@mycronic.com
The information in this press release was published on
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