GLADE MICHEL WIRTZ advises Mycronic AB on the acquisition of atg Luther & Maelzer

GLADE MICHEL WIRTZ has advised Mycronic AB, based in Täby, Sweden, on the acquisition of atg Luther & Maelzer GmbH, Wertheim, Germany. The purchase consideration amounts to approximately USD 125 million on a cash and debt-free basis.

With its approximately 190 employees, atg Luther & Maelzer develops, produces and sells equipment that tests, measures and verifies PCBs and substrate. Its leading position is built on a proprietary technology for Flying Probe Test (FPT) Systems and Grid Test Systems. The Asian market, with a focus on China and Taiwan, accounts for approx. 75% of the company's net sales.

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. The group has subsidiaries in Germany, France, the Netherlands, Singapore, South Korea and the USA, among others. Mycronic is listed on Nasdaq Stockholm.

The M&A-team of GLADE MICHEL WIRTZ acted as lead legal counsel. It worked with M&Alawyers in China, Taiwan and the United States in this transaction. For domestic law it acted as one-stop-shop through its well established network of specialist firms.