Mycronic's Global Technologies division, of which atg Luther & Maelzer is a part, has acquired ETZ, a German company that manufactures test probes for testing unassembled printed circuit boards. ETZ currently employs 34 people and is based in Seesen, Germany, where production also takes place.
Mycronic's PCB Test division, which is part of Global Technologies, offers electronical test equipment for unassembled printed circuit boards. ETZ currently supplies most of the test probes for this division. Prior to the acquisition, Mycronic already held a 15 % stake in ETZ via atg Luther & Maelzer.
“Development and production of probes used in our machines is a strategic key competence and asset for the PCB Test business line,” says Magnus Marthinsson, Senior Vice President Global Technologies at Mycronic.
ETZ will form part of the PCB Test business line within the Global Technologies division.
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.
GLADE MICHEL WIRTZ has been advising Mycronic on its German activities for more than ten years. GLADE MICHEL WIRTZ also advised Mycronic's Global Technologies division on the acquisition of atg Luther & Maelzer in 2021.
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