Mycronic AB: Mycronic signs agreement on long-term bank financing of 700 MSEK

TÄBY, Sweden--()--Regulatory News:

Mycronic AB (publ), has today signed an agreement with Nordea concerning a long-term financing of up to SEK 700 million. This funding strengthens the Group's ability to act regarding further acquisitions and growth.

Mycronic has a good financial position and has previously funded acquisitions and growth by own cash.

About Mycronic AB

Mycronic AB (STO:MICR) is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment for the electronics industry. Mycronic headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Singapore, South Korea, the Netherlands, Taiwan, United Kingdom and the United States. For more information see our web site at: www.mycronic.com

Mycronic AB (publ) is listed on NASDAQ Stockholm, Mid Cap: MYCR.

The information is of the type that Mycronic is required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, through the contact person stated above on 15 November, 2016, at 18.00 am.

This information was brought to you by Cision http://news.cision.com

Contacts

Contact at Mycronic:
Per Ekstedt CFO
Tel: +46 8 - 638 52 00
per.ekstedt@mycronic.com

Contacts

Contact at Mycronic:
Per Ekstedt CFO
Tel: +46 8 - 638 52 00
per.ekstedt@mycronic.com