It’s Only Common Sense: Follow Through and Keep Your Promises
American Made Advocacy: Long-time Challenges Confront a New Administration
Marcy's Musings: It's Show Time!
Mycronic Evaluates Listing Axxon
June 22, 2022 | MycronicEstimated reading time: 1 minute
The Board of Mycronic AB has decided to investigate the possibility of listing Axxon, the core of the High Volume division, on the STAR market of the Shanghai stock exchange and floating a minority stake. If feasible, the listing could take place during 2024.
Axxon has developed very successfully since Mycronic’s acquisition in 2016. A net sales compound annual growth rate of 39 percent, with healthy profitability, has brought Axxon to a market leadership position in dispensing for the electronics industry. Axxon has largely operated independently as a Chinese company with its own IP, R&D and operations. By listing and floating a minority stake on the STAR market in Shanghai, Axxon would further strengthen its brand and market leadership position in China and the world.
The STAR market is a highly liquid stock exchange focused on high tech companies, where trading is mainly driven by investment funds.
“The reason for investigating a possible listing of Axxon on the STAR market of the Shanghai stock exchange is to create the best possible conditions for Axxon to realize its success and full potential, by being more independent and having the means for fast expansion”, says Anders Lindqvist, Mycronic’s President and CEO.
Share on:
Suggested Items
Weak Consumer Market Dampens Enterprise SSD Price Growth, 4Q24 Supplier Revenue Declines 0.5%
03/07/2025 | TrendForceTrendForce’s latest research shows that 4Q24 enterprise SSD demand remained stable compared to the previous quarter, driven by the arrival of NVIDIA H-series products and continued procurement from large CSPs in China.
Chris Mundy Joins Ventec as Commercial Director for EMEA & Americas
03/07/2025 | VentecVentec International Group is delighted to announce the appointment of Chris Mundy as Commercial Director for EMEA & Americas.
Annual Report 2024: GPV Adapts to New Market Situation and Prepares for Future Growth
03/06/2025 | GPVDanish-based GPV, the second-largest European-headquartered EMS company, reported sales of DKK 8.9 billion and earnings (EBITDA) of DKK 625 million for 2024. As expected, both sales and earnings were down compared to the record year of 2023, due to continued market rebalancing and declining end-customer demand. GPV has successfully initiated a strategic transformation that ensures a strong foundation for the coming years.
Infineon Launches Automotive-Grade RISC-V Microcontroller Family
03/06/2025 | InfineonInfineon Technologies AG leads the way for the adoption of RISC-V in the automotive industry: The company will launch a new automotive microcontroller family based on RISC-V within the coming years.
Driving Growth and Transforming the EMS Industry
03/05/2025 | Nolan Johnson, SMT007 MagazineWith IPC APEX EXPO 2025 just a few weeks away, industry veterans Jack Calderon and Chaim Lubin of Lincoln International speak about the transformative power of what they have dubbed the Electronics Super-Cycle. Jack and Chaim will be presenters at the EMS Leadership Summit on March 17, discussing the sustained growth trajectory of the EMS provider industry, driven by relentless demand for electronics in everyday life.