GLADE MICHEL WIRTZ advises Mycronic on the acquisition of Modus High-Tech Electronics

GLADE MICHEL WIRTZ has advised Mycronic AB (Mycronic) on the acquisition of Modus High-Tech Electronics GmbH (Modus) – a leading supplier of automated optical inspection systems for electronics volume production.  

Founded in 1999, Modus currently has more than 1,650 scanners and 650 camera systems in service. The company provides solutions for automated optical inspection of coating, soldering, and components within printed circuit board assembly. Modus has also developed solutions for fuel cell inspection.

Ivan Li, Sr VP High Volume at Mycronic: "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."

Mycronic 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. Based in Täby and listed on Nasdaq Stockholm, the Group has subsidiaries in China, France, Germany, Japan, Mexico, the Netherlands, Singapore, South Korea, the United Kingdom, the United States and Vietnam.

Earlier this year, GLADE MICHEL WIRTZ advised Mycronic's Global Technologies division on the acquisition of Vanguard Automation, Karlsruhe. The company has developed a technology as well as automated equipment for 3D microfabrication of optical interconnects. GLADE MICHEL WIRTZ has been advising Mycronic with respect to its German activities for over a decade.