TABY, SWEDEN – Mycronic’s Global Technologies division has divested Automation Engineering (AEi) to ASM Pacific Technology in an all-cash transaction.

AEi develops and manufactures solutions for precision camera module assembly and test systems mainly for the automotive industry.

“Our goal has been to find an owner with an existing broad offering toward the automotive industry, who in addition has a technological leadership position in active alignment solutions for camera and sensor assembly and thus can leverage AEi’s technology and know-how. We believe we have found such an owner in ASM Pacific Technology,” said Michael Chalsen, senior VP Global Technologies, Mycronic.

The acquisition enables ASMPT to offer solutions for automated and scalable end-to-end camera module assembly to an expanded market that encompasses global tier 1 and 2 automotive component providers. The company will pursue opportunities in security surveillance, drones and LiDAR, which will expand the addressable market to around $460 million in 2025. The automotive camera assembly and test solutions market was approximately $60 million in 2021.

“The agreement to acquire AEI highlights our focused and strategic intent to pursue inorganic growth – acquisitions and partnerships – as a key part of our corporate strategy to tap powerful synergies and opportunities to extend our product and market leadership,” said CK Lim, senior VP and business unit CEO (IC/Discrete and CIS), ASMPT. “There is a deep synergy between the solutions offered by AEi and ASMPT and between our customers. The adjacent markets served by AEi also offer opportunities for us for the further development of a successful and profitable business in this area. We believe this combination will open new market opportunities for ASMPT.”

“We greatly look forward to continuing to develop AEi’s global market and technology leadership position together with ASM Pacific Technology and enabling full-line solutions for the automotive and adjacent markets,” said Jean Marc Peallat, general manager, AEi.

The transaction is expected to be finalized in the fourth quarter of this year or first quarter of 2022, subject to customary closing conditions and regulatory approvals.

No financial terms of the transaction were disclosed.

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