-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Mycronic Acquires RoyoTech and Kognitec
February 11, 2016 | Mycronic ABEstimated reading time: 1 minute
Mycronic AB has acquired 75 percent of RoyoTech Digitalelektronik GmbH and has an option to acquire the remaining 25 percent. At the same time Mycronic acquires 100 percent of Kognitec Vertrieb and Service GmbH. Both companies are based in Höhenkirchen, Germany.
RoyoTech develops and manufactures the SMD Tower – an intelligent storage solution of electronic components. Kognitec is distributing the SMD Tower in parallel with Mycronic to the SMT market globally.
Mycronic has marketed the SMD Tower worldwide since 2008 and is RoyoTech’s main distributor and largest customer. The storage concept was originally developed in close collaboration with German customers in 2004. Today there are approximately 1,000 SMD Towers installed at customer sites globally. The acquisition secures the rights to a strategic product already part of Mycronic’s SMT portfolio.
RoyoTech is a private company founded in 1991, based in Höhenkirchen in Germany, and has ten employees. The founder and owner Peer Mietusch will retain 25 percent of the shares in the company and will remain CEO. RoyoTech had a turnover of EUR 3.3 million in 2014, of which the major part stems from Mycronic. Kognitec is a private company founded by Peer Mietusch in 2013 with revenue of EUR 0.650 million in 2014.
The companies will be consolidated into the Mycronic Group as of 1 January, 2016.
“We are happy to have concluded these acquisitions. They represent a natural next step to deepen the collaboration with RoyoTech as we see an increasing demand for the SMD Tower from our core customers as well as from large manufacturers using assembly equipment from other suppliers,” says Robert Gothner, Senior VP and General Manager, Business Area SMT, Mycronic AB.
The SMD Tower is already well integrated into Mycronic’s intelligent material handling solution and a vital building block in the agile manufacturing solution Mycronic 4.0, that masters the complexity of modern electronics production.
About Mycronic AB
Mycronic AB is a Swedish high-tech company engaged in developing, manufacturing 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, Taiwan, the Netherlands, the United Kingdom and the United States. For more information click here.
Suggested Items
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
04/26/2024 | Andy Shaughnessy, Design007 MagazineIn this week’s roundup, we have a variety of articles covering everything from design through assembly, and even box build. I’ve always wondered whether box build was all it was cracked up to be. Do customers really pick one EMS provider over another because one company offers box build? And if you’ve ever wanted to volunteer, IPC’s Thought Leaders Program is looking for a few good technologists to help them on their mission. Check out Stanton Rak’s article, which was published in the spring issue of IPC Community.
NCAB Group Posts Interim Report Q1 2024
04/26/2024 | NCAB GroupNet sales decreased by 17% to SEK 950.6 million (1,146.4). Compared with the year-earlier period, sales were affected bylower prices and continued inventory adjustments by customers. In USD, net sales decreased 17%. For comparable units, net sales decreased 24% in both SEK and USD.
KYZEN Announces Exclusive Partnership with Manufacturers’ Representative Restronics Florida
04/25/2024 | KYZEN'KYZEN, the global leader in innovative environmentally responsible cleaning chemistries, proudly announces its strategic partnership with Manufacturers’ Representative Restronics Florida. Just like KYZEN’s commitment to continuously improving precision cleaning, Restronics Florida serves as a consultative OEM sales representative organization dedicated to educating customers to enhance their processes and productivity.
Determining the Value-add of Box Build
04/24/2024 | Nolan Johnson, I-Connect007At a strategic level, adding box-building services makes sense for customer loyalty. But is it really that simple? Jon Schmitz, who manages customer engagement at RiverSide Integrated Solutions, talk about about what it really takes to be successful in offering EMS and final assembly services under the same company banner.
Fujitsu, METRON Collaborate to Drive ESG Success
04/24/2024 | JCN NewswireFujitsu Limited and METRON SAS, a French cleantech company specializing in energy management solutions for industrial decarbonization, today announced a strategic initiative to contribute to the realization of carbon neutrality in the manufacturing industry.