Mycronic Acquires AEi Inc. Nov. 21, 2016

On November 21, 2016, AEi is happy to announce that it has been acquired by and is now a wholly owned subsidiary of Mycronic, a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment 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. Mycronic AB (Publ) is listed on NASDAQ Stockholm, Mid Cap: MYCR.

“The acquisition of AEI is a strategic complement to our SMT business which provides us further growth. We have been looking for a suitable high growth acquisition for a long time, and we are very pleased to have found AEI, whose products match out own product portfolio very well. Now we take yet another step to strengthen our position in an industry with great needs for high precision/high flexibility equipment as we expand our offering with AEI’s world leading products in a segment with rapid growth,” says Lena Olving, President, and CEO of Mycronic.

The company will consolidate into the Mycronic Group as from the acquisition date. “The acquisition strengthens AEi’s global presence and provides access to optical and dispense expertise, which will enhance and expand our products and customer support,” said Doug Elder, President, and CEO of AEI.  “Mycronic’s high precision flexible mechanical and dispense technology, as well as advanced software control expertise, will be a key to our assembly and test solutions and the industry as a whole.”

For more information on the companies and products, please visit the company websites at:

www.mycronic.com

www.aeiboston.com

 

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