SUZHOU -- Suzhou Victory Precision Manufacture has purchased the entire capital stock of Jot Automation from Head Invest.

Jot Automation will continue operating as an independent entity under its name and brand.

The additional engineering and production resources provided by Victory Precision will significantly help JOT to pursue the opportunities of the fast-developing market and modern technologies, says Petri Halonen, CEO, Jot Automation. "Jot Automation has established itself as a leader in process and test automation solutions for electronics industry and smart products. Together with Victory Precision, we form a unique combination of European technology know-how and unparalleled Chinese competitiveness and production scalability."

“Jot Automation has proven that it has the engineering knowledge and production experience that success in China and globally requires. Thanks to the new ownership and structure, we are able to fulfil the evolving needs of our partners and customers even better,” said Yugen Gao, chairman, Victory Precision.

The acquisition by Victory Precision includes shares in JoT owned by Global Equipment Services & Manufacturing. GES was acquired by Kimball Electronics earlier this year.

Register now for PCB WEST, the largest trade show for the printed circuit and electronics industry in the Silicon Valley! Coming Sept. 11-13 to the Santa Clara Convention Center.