A robotics firm with operations in the USA and China has been acquired by a Swedish technology group.
Macclesfield-based RoBAT makes robotic machines that can quickly and reliably test printed circuit boards (PCBs) used in hi-tech applications worldwide by some of the world’s biggest technology firms. The firm, which recorded net sales of £3m in 2024, was founded in 2001 and employs 27 staff.
It has now been acquired by the Global Technologies arm of Mycronic for an undisclosed sum. Mycronic, which is listed on the Nasdaq Stockholm exchange, makes production equipment for the electronics industry.
Last year Mycronic reported that net sales had risen 24 % to 7bn Swedish krona (£549m), with its EBIT (earnings before income and tax) figure standing at 2bn krona (£156m).
Magnus Marthinsson, senior vice president of Global Technologies at Mycronic, said: “Computational power and communication will continue to evolve rapidly. The resulting high-speed applications require PCBs with good high frequency signal quality.”
Jochen Kleinertz, head of the PCB Test business line at Mycronic, said: “RoBAT’s offering is very exciting and particularly relevant for AI server applications.”
Laura McMorland, Charlotte Mills and Nathan Hughes, of law firm Bermans’ Manchester office, advised the shareholders of RoBAT on the company’s sale.
Ms McMorland said: “It was our pleasure to advise the selling shareholders of RoBAT, a successful north west-headquartered business. We look forward to seeing its continued success in the future under Mycronic ownership.”
A team at law firm CMS led by Eva Talmacsi advised Mycronic on the acquisition. Mary Tierney and Rick Payne, of firm Bennett Brooks, provided accountancy, tax and corporate finance advice to the selling shareholders, – chairman Colin Barker and managing director Bruce Nockton.
Don't miss the latest news and analysis with our regular North West newsletters – sign up here for free
