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Mycronic AB: Mycronic makes strategic acquisition

Täby, 21 November, 2016 - Mycronic AB (publ), acquires 100 percent of
Automation Engineering, Inc. (AEI) in the USA. The purchase price
amounts to USD 35 million (approximately SEK 321 million) on a debt
free basis and is financed with Mycronic's own funds. Under certain
conditions, based on parameters such as growth and earnings, an
earn-out at a maximum amount of USD 27 million (approximately SEK 248
million) will be paid over two years.

Acquisitions play an important part in Mycronic's ambition for future
growth. The strategic goal is to be a global supplier of high
precision/high flexibility equipment built on advanced software. With
this acquisition, Mycronic can now target additional electronics
industry segments. For many years, the company has held a unique
position in such niches as photomask manufacturing, advanced PCB
assembly and contact-free application of solder paste. Through an
earlier acquisition this year, Mycronic has gained a leading position
in dispensing. By acquiring AEI, the Group now broadens the product
offering further.

AEI develops manufactures, and sells innovative and market leading
solutions for precision Camera Module Assembly and Test (CMAT)
systems used in electronics products. The largest customer segment is
the automotive industry with significant growth for cameras in ADAS
(Advanced Driver Assistance Systems). AEI provides the most
comprehensive product portfolio of fully-automated solutions, used to
assemble camera modules and to measure and verify quality during
volume production. The equipment is modular and adapted to customer
requirements. The market for ADAS camera modules has an estimated
average yearly growth of approximately 30 percent for the period
2015-2020 (Prismark, June 2016).

The company's head office is located in Wilmington, MA in the USA, has
subsidiaries in Germany and Hong Kong, and approximately 80
employees. AEI has experienced high levels of growth over the last
years and in 2015 net sales reached approximately USD 19 million. Net
sales for the first six months of 2016 reached approximately USD 11

"The acquisition of AEI is a strategic complement to our current
business. We have been searching for interesting companies in
segments adjacent to Mycronic. AEI matches our own product portfolio
and areas of competence very well. I am happy to say that we are now
expanding our offering with a world leading product. This strengthens
our position in an industry with large requirements for high
precision/high flexibility equipment," said Lena Olving, President
and CEO of Mycronic. "In connection to the acquisition we will change
the name on the business area, from Surface Mount Technology (SMT) to
Assembly Solutions."

"The acquisition strengthens AEI's global presence and provides access
to expertise, which will deepen and strengthen our products and
customer support. Mycronic's high precision flexible platforms and
dispensing technology, as well as advanced software control
expertise, will be a key to our assembly and test solutions and the
industry as a whole." ," said Doug Elder, President, and CEO of AEI.

The acquisition is effective immediately and the company will be
consolidated into the Mycronic Group as of the acquisition date. The
impact on the Group's results in 2016 will be marginal and the
assessment remains that net sales in 2016 will be at the level of SEK
1,900 million, excluding effects from acquisitions.

With reference to today's press release, Mycronic holds a 30 minute
conference call today 21 November, 2016 at CET 10.30 am. Lena Olving,
CEO, Per Ekstedt, CFO and Niklas Edling, Sr VP Strategy and Portfolio
Management will be available for questions.

To join the conference call, dial:
From Sweden +46 (0)8 503 365 94
Standard international +44 2031 80 80 80
Conference code: 8779036027

Contacts at Mycronic:
Lena Olving
President and CEO
+46 8 638 52 00
Per Ekstedt
+46 8 638 52 00

About Mycronic AB
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
headquarters are located in Täby, north of Stockholm and the Group
has subsidiaries in China, France, Germany, Japan, Singapore, South
Korea, the Netherlands, United Kingdom and the United States. For
more information see our web site at:

Mycronic AB (publ) is listed on NASDAQ Stockholm, Mid Cap: MYCR.

The information is of the type that Mycronic is required to disclose
in accordance with the EU Market Abuse Regulation. The information
was submitted for publication, through the contact persons stated
above, on 21 November, 2016, at 8.00 am.


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