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

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.