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MYDATA acquires its German distributor Royonic

Jun 03, 2008

MYDATA today announces the acquisition of its German distributor Royonic. MYDATA has a long standing and successful relationship with Royonic in the German SMT market. The acquisition represents a starting point to further develop and expand the MYDATA business in Germany.

Advanced SMT equipment manufacturer MYDATA has a long standing and strong relationship with Royonic in the German market place. Royonic has built up a very successful business and market position for MYDATA over many years. The acquisition enables MYDATA to further develop and expand its business in Germany.

�Germany represents one of our biggest markets already today, and we see opportunities to strengthen our position further. In light of our recent new product introductions we see great opportunities in Germany. In November last year we launched the second generation of the MY500 Jet Printer and in April 2008 we launched our all new pick & place platform the MY100DX-Series. We believe that these new platforms represent significant growth opportunities for us. With the acquisition of our distributor Royonic we are well equipped to leverage our new product introductions and substantially grow our business in Germany�, comments Bengt Broman, CEO at MYDATA .

MYDATA automation designs, manufactures and markets SMT process equipment for the electronics industry. Its mission is to be always innovating � in order to satisfy the electronic industry�s need for surface mount technology and services that meet the highest demands in terms of productivity and quality.

Based on a modular hardware and software design, MYDATA equipment has been developed for flexibility and high-yield production over time. By focusing on faster changeovers and set-ups, and on achieving the lowest possible cost per mounted component, MYDATA has built a strong customer base and long-term relationships with customers in countries throughout the world.

Sweden-based MYDATA has a worldwide sales and customer support network with subsidiaries in the Netherlands, the United Kingdom, France, the United States, Japan, China and Singapore

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