Vanguard Automation signs Agreement to join the Swedish High-Tech Group Mycronic
Vanguard Automation GmbH, a developer of technology and automated equipment for 3D nano-printing of photonic interconnects, has signed an agreement to join Mycronic, a Swedish high-tech group, listed on NASDAQ OMX Stockholm.
Mycronic is engaged in the development, manufacturing, and marketing of world-leading and innovative production solutions for the electronics industry. Mycronic is headquartered in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Mexico, Singapore, South Korea, the Netherlands, United Kingdom, the United States, and Vietnam.
Vanguard Automation’s area of expertise is adjacent to and complementing that of the die bonding business line in Mycronic’s Global Technologies division. With the addition of Vanguard Automation, Mycronic can offer a wider range of die bonding and photonic packaging related solutions to its customers.
“Joining the Mycronic group marks a pivotal milestone for Vanguard Automation in its mission to deploy 3D nano-printing solutions in volume production for cutting-edge photonic devices. We are looking forward to joining forces with Mycronic’s Global Technologies division, enriching the offerings to our global customer base”, says Thorsten Mayer, CEO at Vanguard Automation.
“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 photonic interconnects and cut energy consumption at the same time”, says Magnus Marthinsson, Sr VP Global Technologies at Mycronic.
The transaction is expected to be finalized in April 2024, after which Vanguard Automation will form a new business line within the Global Technologies division.
