GLADE MICHEL WIRTZ advises Mycronic AB on the acquisition of atg Luther & Maelzer
25 May 2021
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.
GLADE MICHEL WIRTZ (Düsseldorf):
Crowell & Moring LLP: James R. Stuart III (Partner), Nicholas James (Counsel)
Zhong Lun Law Firm: Cindy Guo (Partner), Miaomiao Lu (Associate)
LCS & Partners, Taipei: Peter Chen (Partner)
Germany (Specialist law firms)
Covington & Burling LLP (IT law, data protection): Dr Moritz Hüsch, Dr Lars Lensdorf (both Partner), Dr Sophie Herold (Associate)
held jaguttis (public law): Dr Simeon Held (Partner), Bernard Altpeter (Associate)
Hoyng ROKH Monegier (IP law): Dr Martin Köhler, Mathis Breuer (Partners), Dr Ricarda Braun, Ivan Dimitrov (both Associates)
KLIEMT.Arbeitsrecht (labour law): Dr Alexander Ulrich (Partner)
About GLADE MICHEL WIRTZ
GLADE MICHEL WIRTZ, with currently 27 lawyers, specializes in the areas of Corporate & Competition. As a focused boutique law firm, GLADE MICHEL WIRTZ from Düsseldorf advises companies listed on the DAX30, MDAX or TecDAX, upscale medium-sized companies, which are often market and technology leaders in their sectors, as well as foreign, globally active groups and investors, both nationally and internationally, on corporate and partnership law, M&A, restructuring and reorganization, antitrust law, corporate litigation and compliance issues.
The press release is available for download here: GLADE MICHEL WIRTZ advises Mycronic AB on the acquisition of atg Luther & Maelzer