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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Mycronic AB (publ)    MYCR   SE0000375115

MYCRONIC AB (PUBL)

(MYCR)
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Mycronic : announces strategic partnership with Cogiscan to provide machine connectivity for Industry 4.0 applications

11/20/2020 | 08:01am EST

Mycronic, the leading Swedish high-tech company providing flexible production solutions to the electronics manufacturing industry, announces a new strategic partnership with Cogiscan Inc., supplier of Track Trace and Control (TTC) and IIoT solutions to provide machine connectivity for Industry 4.0 applications. Mycronic's full range of SMT equipment and software, including printing, dispensing, placement, optical inspection and component storage solutions, combined with Cogiscan's multiprotocol connectivity platform, create a powerful offering of integrated machine and software systems for the printed circuit board assembly market.

"Cogiscan is delighted and honored to partner with a forward-thinking global leader like Mycronic," says Vincent Dubois, CEO at Cogiscan. "We are looking forward to collaborating with Mycronic for the long term to complement their innovative PCB assembly equipment and software with robust IIoT technology."

This partnership will enhance Mycronic's existing offering by providing plug-and-play machine communication solutions - using standard protocols such as CAMX, CFX and SECS/GEM, as well as tailored interfaces to leading proprietary and commercial MES's - to customers embarking on the journey for factory-wide connectivity and the Smart Factory. Electronics manufacturers who are looking to achieve full digitalization of their operations can expect to see a faster time-to-value and a more agile and more productive factory environment going forward.

"We are very happy to announce our relationship with Cogiscan," says Clemens Jargon, Acting Sr VP Assembly Solutions High Flex at Mycronic. "Factory digitalization has become a top priority for electronics manufacturers, and efficient factory-wide communication is key in building tomorrow's Industry 4.0 solutions. We believe Cogiscan's connectivity technology and expertise are an excellent asset for us in helping our customers achieve success."

 

For further information, please contact:
Clemens Jargon
Sr VP (acting), Assembly Solutions High Flex
Tel: +46 8 638 52 00, e-mail: clemens.jargon@mycronic.com

Simon Sandgren
Head of Strategy & Marketing, Assembly Solutions High Flex
Tel: +46 8 638 52 00, e-mail: simon.sandgren@mycronic.com

Cathrin Wisén
Director Corporate Communications
Tel: +46 8 638 54 74, e-mail: cathrin.wisen@mycronic.com

The information was submitted for publication on 20 November 2020, at 2:00 p.m.
 

About Mycronic
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. Mycronic's headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in France, Japan, China, the Netherlands, Singapore, the United Kingdom, South Korea, Germany and the USA. Mycronic is listed on Nasdaq Stockholm. www.mycronic.com

About Cogiscan Inc.
Cogiscan is the leading track, trace and control (TTC) solutions provider for the electronics manufacturing industry. The scalable Cogiscan platform integrates with all major equipment types, and is highly configurable to enable a personalized solution to each customer's specific production needs. Since 1999 Cogiscan has attained several international patents for hardware and software, and has won multiple industry awards for innovation. www.cogiscan.com

https://news.cision.com/mycronic-ab/r/mycronic-announces-strategic-partnership-with-cogiscan-to-provide-machine-connectivity-for-industry-,c3241070

(c) 2020 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2020 3 921 M 472 M 472 M
Net income 2020 686 M 82,7 M 82,7 M
Net cash 2020 936 M 113 M 113 M
P/E ratio 2020 33,7x
Yield 2020 1,20%
Capitalization 23 075 M 2 783 M 2 780 M
EV / Sales 2020 5,65x
EV / Sales 2021 5,08x
Nbr of Employees 1 505
Free-Float 72,2%
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Mean consensus UNDERPERFORM
Number of Analysts 3
Average target price 222,67 SEK
Last Close Price 236,00 SEK
Spread / Highest target 8,05%
Spread / Average Target -5,65%
Spread / Lowest Target -28,8%
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Managers and Directors
NameTitle
Per Anders Lindqvist President & Chief Executive Officer
Patrik Tigerschiöld Chairman
Lena Båvegård Senior Vice President-Operations
August Torbjörn Gunnar Wingardh Chief Financial Officer
Johan Franzén Senior Vice President-Research & Development
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