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New Deal


Announced

Mycronic to acquire atg Luther & Maelzer from Cohu for $125m.

Financials

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Transaction Value£89m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Electrical Components

Acquisition

Cross Border

Pending

Private

Friendly

electrical testing

Germany

Single Bidder

Majority

Synopsis

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Mycronic, a Sweden-based company active in the electronics industry, agreed to acquire atg Luther & Maelzer, a global developer, manufacturer and supplier of advanced equipment for electrical testing of PCBs and substrate, from Cohu, a provider of semiconductor equipment and services, for $125m. "The PCB manufacturing market is performing well and is expected to develop further over the next few years. The addition of atg broadens our offering and creates a platform for electrical testing. The acquisition strengthens Mycronic generally and underlines the Global Technologies division's focus on leading niche technologies, which have the potential to grow faster than the market as a whole," Anders Lindqvist, Mycronic President and CEO.

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