-
- News
- Books
Featured Books
- design007 Magazine
Latest Issues
Current IssueShowing Some Constraint
A strong design constraint strategy carefully balances a wide range of electrical and manufacturing trade-offs. This month, we explore the key requirements, common challenges, and best practices behind building an effective constraint strategy.
All About That Route
Most designers favor manual routing, but today's interactive autorouters may be changing designers' minds by allowing users more direct control. In this issue, our expert contributors discuss a variety of manual and autorouting strategies.
Creating the Ideal Data Package
Why is it so difficult to create the ideal data package? Many of these simple errors can be alleviated by paying attention to detail—and knowing what issues to look out for. So, this month, our experts weigh in on the best practices for creating the ideal design data package for your design.
- Articles
- Columns
- Links
- Media kit
||| MENU - design007 Magazine
Mycronic Acquires MRSI Systems
June 1, 2018 | Mycronic ABEstimated reading time: 2 minutes
Mycronic AB has acquired 100% of MRSI Systems LLC (MRSI), headquartered in North Billerica, Massachusetts, in the USA. The purchase price amounts to $40.7 million (approximately SEK 358 million) on a cash and debt free basis and is financed with a combination of Mycronic's own funds and bank financing. Under certain performance parameters, an earn-out of a maximum amount of $20.2 million (approximately SEK 178 million) will be paid in 2020. Net sales in 2017 reached $31 million.
"MRSI is a perfect strategic match with Mycronic's goal of adding leading businesses in the area of high precision and high flexibility equipment manufacturers for electronics assembly. This acquisition is a further step in executing our strategy of growing with profitability in adjacent market segments," says Lena Olving, CEO and president of Mycronic.
MRSI develops, manufactures and sells ultra-high precision die bonding systems for assembly of optoelectronics and microelectronics. The largest customer segment is the optical communication industry, which exhibits strong growth and is driven by increasing speeds in telecommunications and data communications. Other customer segments include defense and aerospace, life science and advanced manufacturing industries, where growth is driven by miniaturization of components.
"This acquisition will enable Mycronic to continue introducing exciting new products that address growing customer needs for increased precision, flexibility and speed. MRSI fits well with our growth strategy and is supported by several strong long term trends in electronics assembly," says Thomas Stetter, Senior VP and General Manager for Assembly Solutions at Mycronic.
MRSI will be a part of the Assembly Automation division within the Assembly Solutions business area. The Assembly Automation division also comprises AEi, which is one of Mycronic's recent acquisitions. MRSI will, together with AEi, broaden Mycronic's product offering further, targeting additional electronics industry segments and strengthening the future offering to the automotive industry, for example in LiDaR (light detection and ranging) sensor growth, driven by ADAS (advanced driver assistance systems) and autonomous driving.
"We are delighted to be joining Mycronic at a time of significant increased demand across our markets, driven by the growth in data center applications, telecommunications upgrades to 5G wireless and advanced optical sensors. From our customer’s perspective, joining with Mycronic will allow MRSI to continue to deliver best-in-class automated die bonding systems and to accelerate exciting innovations in our hardware and software," says Michael Chalsen, President of MRSI.
The acquisition is effective 1 June 2018, consolidated in the Mycronic Group as of the acquisition date and is expected to contribute positively to underlying EBIT 2018.
About Mycronic AB
Mycronic AB 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 headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Singapore, South Korea, the Netherlands, United Kingdom and the United States. For more information click here.
Testimonial
"Advertising in PCB007 Magazine has been a great way to showcase our bare board testers to the right audience. The I-Connect007 team makes the process smooth and professional. We’re proud to be featured in such a trusted publication."
Klaus Koziol - atgSuggested Items
Register Now for the HATS²™ Technical Day at GEN3 HQ
08/05/2025 | GEN3GEN3 a world-leading manufacturer of testing, measurement and production solutions for electronics reliability. Headquartered in Farnborough, UK, GEN3 is announcing the final call for registrations to attend the exclusive HATS²™ Technical Day — a hands-on, live demonstration event showcasing the Highly Accelerated Thermal Shock Tester (HATS²™), the groundbreaking innovation from industry pioneer Bob Neves.
Benchmark Announces Appointment of Chuck Swoboda to Board of Directors
08/05/2025 | Benchmark Electronics Inc.Benchmark Electronics, Inc., a global provider of engineering, design, and manufacturing services, announced the appointment of Charles “Chuck” Swoboda to its Board of Directors.
Indium Corporation Promotes Two Leaders in EMEA (Europe, Middle East, and Africa) Markets
08/05/2025 | Indium CorporationWith its commitment to innovation and growth through employee development, Indium Corporation today announced the promotions of Andy Seager to Associate Director, Continental Sales (EMEA), and Karthik Vijay to Senior Technical Manager (EMEA). These advancements reflect their contributions to the company’s continued innovative efforts with customers across Europe, the Middle East, and Africa (EMEA).
Luminovo Launches U.S. Ambassador Program to Strengthen Industry Network and Drive Industry Adoption
08/05/2025 | LuminovoLuminovo, the number one quoting, procurement and collaboration software for the electronics supply chain, has launched its Ambassador Program in the United States.
Federal Electronics Marks 10th Year of ISO 13485 Certification with Successful 2025 Surveillance Audit
08/05/2025 | Federal ElectronicsFederal Electronics, a leader in providing advanced electronic manufacturing services, has successfully completed its 2025 ISO 13485:2016 surveillance audit at the company’s Cranston, Rhode Island facility.