High Volume division makes acquisition in China
Mycronic’s Assembly Solutions High Volume division has signed an agreement to acquire Shenzhen Huan Cheng Xin Precision Manufacture Co., Ltd., a company with around 120 employees and headquarters in Shenzhen, China. Shenzhen Huan Cheng Xin Precision Manufacture Co., Ltd. produces automated screen printers and pick & place machines. Screen printers account for 80 percent of sales and pick & place machines for the remaining 20 percent. China is the company’s dominating market, accounting for 95 percent of sales. ”With this acquisition we strengthen and broaden High Volume’s product