Tag: Axxon Automation

Swedish Mycronic acquires Chinese tech-company

Mycronic AB, the Swedish high-tech company, have obtained 75% of the Chinese company, Shenzhen Axxon Automation Co.,Ltd (Axxon), for the price of SEK 430 million. Axxon develops, manufactures, and sells dispensing equipment, used in a range of products, for instance in household appliances to medical equipment. The Chinese company operates on the Surface Mount Technology (SMT) market, which refers to electronic…