Mycronic Implements New Group Structure

Reading time ( words)

Mycronic AB has grown substantially during the last years, both organically and through acquisitions. In order to prepare for continued profitable growth, a new group structure is implemented in order to achieve the strategic priorities of improving profitability in Assembly Solutions, securing and expanding the position in Pattern Generators and enhancing customer centricity. The new Mycronic organization will be made up of four divisions:

Assembly Solutions High Flex
Focus on high flex assembly markets, primarily in Europe and the US. Includes current SMT and Inspection divisions.

Assembly Solutions High Volume
Focus on high volume markets in Asia. Includes current Dispensing division.

Assembly Solutions Global Technologies
Focus on advanced manufacturing solutions with high differentiation that are supported by long-term favorable trends. Includes the current Assembly Automation division.

Pattern Generators
Focus on maintaining the current leading position within the display and multi-purpose segments and establish Pattern Generators as a leading supplier of laser-based mask writers to the semiconductor industry.

Group management
The composition of group management will be adjusted to reflect the new group structure. New members of the management team will be Ivan Li, Sr VP High Volume and Michael Chalsen, Sr VP Global Technologies. Thomas Stetter will be Sr VP High Flex, whereas Charlott Samuelsson remains Sr VP Pattern Generators. Niklas Edling will be Sr VP Corporate Development and Deputy CEO. The functions Operations and R&D will move into the four divisions and therefore not be represented in group management. Lena Båvegård, Anette Mullis and Torbjörn Wingårdh remain in their current roles. The new organization will be operational in April.

”The new group structure provides a better alignment with markets and improved customer centricity, including faster decision making close to customers and an increased ability to tailor local operations to individual market needs. It constitutes a more scalable corporate structure and will make it easier for Assembly Solutions to reach an EBIT margin above 10% in 2021,” says Anders Lindqvist, President and CEO at Mycronic.


Suggested Items

How to Minimize Quoting Time and Increase Accuracy in EMS Production

03/30/2022 | Mark Laing, Siemens Digital Industries Software
New product introductions (NPIs) and customization have been increasing rapidly over the past few years—with the results that the already-small profit margins in electronics assembly are shrinking even further. Fifteen years ago, the PCB was the product. Today, most products are a system, with multiple PCBs, cables, and enclosures. Many manufacturers want to provide turn-key products that have multiple BOMs, making the assembly process even more complicated.

A Hard Look at Strategic Chip Investment

03/03/2022 | I-Connect007 Editorial Team
Jan Vardaman is a key contributing author to an IPC report detailing the capabilities gap in advanced packaging capabilities in the U.S. manufacturing ecosystem. We talked with Jan about the report and the current dynamics in the U.S. market. Jan’s comments provide additional detail and insight to the findings published in the report.

Meet Christine Davis, I-Connect007 Columnist

12/23/2020 | I-Connect007 Editorial Team
Meet Christine Davis, one of our newest columnists! Christine will share her expertise and lessons learned through her journey as one of the few women in the electronics industry to found and run her own company.

Copyright © 2022 I-Connect007. All rights reserved.