Insights
Benchmark International Successfully Facilitated the Transaction Between Modus high-tech electronics GmbH and Mycronic AB
October 17, 2024
Benchmark International is pleased to announce the acquisition of Modus by Mycronic.
Modus, based in Willich, Germany, develops optical scanner systems for industrial use. It specializes in automatic optical inspection (AOI) systems for the testing of electronic components. In addition, the company provides custom software and hardware solutions to enhance the inspection process for electronic manufacturers globally.
Mycronic is a Swedish high-tech company that develops and manufactures high precision production equipment for the electronics industry. With more than 2,000 employees, the company is represented in over 50 countries.
Shenzhen Axxon Automation Co., Ltd. (Axxon), a subsidiary of Mycronic, provides advanced coating systems. The acquisition of Modus, previously one of Axxon’s key suppliers, strengthens Mycronic’s market position by expanding its product portfolio along the value chain. This strategic move brings substantial benefits through cost efficiencies and augmented synergy effects.
Exit your company the smart way
“Modus’ inspection systems are an integral part of conformal coating production lines, where Mycronic’s high volume division is a global leader in electronics conformal coating solutions. Together we will be able to offer complete and optimized solutions to our respective customers”, says Ivan Li, Sr VP High Volume at Mycronic.
Represented by Felix von der Heyden from Benchmark International, the shareholders of Modus remarked: “We are extremely thrilled that Benchmark International has found a strong partner who will ensure the continued development and growth of Modus. We look forward to the added value we can provide to our clients through the synergies created.”
Share This Post
Categories
Get These Insights Delivered Directly To Your Email
Explore our curated collection today and stay ahead of the curve in M&A.
Related Posts
Benchmark International Secures Top Positions in LSEG's Q3 Global League TablesLSEG, previously known as Refinitiv as well as Thomson Reuters, has released its Global League Tables for the first nine months of 2024, and Benchmark International was once again recognized with several high rankings across different categories. Why Sell Now? Taxes Are About To SurgeIf you are a small business owner, such as a shareholder in an S corporation or part of a partnership, you don’t want to be caught by surprise by what is to come. Your federal income tax rate is currently on pace to increase by 30% on the final day of 2025. This is due to the expiration of certain tax laws, such as the 199A deduction, and an increase in individual federal income tax rates. The tax rate for pass-through entity owners will increase from 30% to 39.6%. There is also the possibility that taxable income could see a spike if the Tax Cuts and Jobs Act provisions are allowed to expire. This includes: