Mycronic AB (publ) (OM:MYCR) signed an agreement to acquire Vanguard Automation Gmbh on March 22, 2024. Vanguard Automation will form a new business line within the Global Technologies division. In 2023 Vanguard Automation?s net sales amounted to ?5.2 million.

The company has 26 employees. The transaction is expected to be finalized in April 2024. Mike Powell of Renevo Capital Ltd acted as financial advisor to Vanguard Automation.

Katharina Prasuhn, Ulrich Jork, Anton Horn, Henrik Lay, Lutz Martin Keppeler, Reinhard Siegert, Ruth Schneider and Katharina Waszczynski of Heuking Kühn Lüer Wojtek acted as legal advisor to shareholders of Vanguard Automation.