Global Technologies Expands in Germany with Major Acquisition of ETZ

Mycronic’s Global Technologies division has successfully completed the acquisition of ETZ, a prominent German manufacturer specializing in test probes. This strategic acquisition aims to enhance Mycronic’s capabilities in the electrical testing of printed circuit boards (PCBs).

Key Details of the Acquisition

• The acquisition was announced in early June 2024.
• ETZ is a leading supplier of test probes, providing the majority of probes used by Mycronic’s PCB Test division.
• Focus is on strengthening the PCB Test business line within Global Technologies.
• ETZ’s probes are critical for ensuring the quality and functionality of electronic circuits through thorough electrical testing.

Benefits and Strategic Impact

By integrating ETZ’s expertise and product range, Mycronic plans to:

1. Offer more comprehensive and advanced testing solutions across Europe and worldwide.
2. Improve efficiency and precision in PCB testing processes.
3. Better satisfy growing demands for reliable testing equipment in sectors such as automotive, telecommunications, and consumer electronics.

Statements and Future Plans

The CEO of Mycronic’s Global Technologies division described the acquisition as a milestone, noting that ETZ’s innovative test probes perfectly complement Mycronic’s portfolio and will drive continued innovation and growth.

Operations will continue in Stuttgart, with plans to closely integrate ETZ’s manufacturing capabilities into Mycronic’s existing facilities. Both companies will collaborate on developing next-generation testing products tailored to the evolving needs of the electronics market.

This acquisition represents a significant step for Mycronic in expanding its presence in Germany and solidifying its leadership in PCB testing technology.

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