Press release, Corporate News
Investment agreement to support cooperation between
ficonTEC Service and RoboTechnik Intelligent Technology
Achim, Germany, November 2020 – ficonTEC Service GmbH, a leading global supplier of highly automated production machine systems for photonic device assembly and test, has entered into and implemented a structured investment and cooperation agreement with RoboTechnik Intelligent Technology, a specialized supplier of smart automated manufacturing solutions for diverse high-tech markets such as clean energy, electronics and semiconductor, and automotive.
This strategic move, already approved by the regulatory authority in Germany, will support ficonTEC during the next growth phase of the company and leaves the existing ficonTEC management team – led by co-founders Matthias Trinker and Torsten Vahrenkamp – unchanged.
Struck with a strong ‘think global, act local’ cord, the path leading to this agreement during the last 12 months has facilitated a close working relationship that has already benefited both companies. Cementing the agreement now mobilizes agile investment resources for ficonTEC to aggressively pursue the on-going strengthening of their market position in high-growth silicon photonic (SiPh) technology regions such as in Europe, the US and Asia.
As stated by Jun Dai, Chairman and CEO at RoboTechnik, “To complement our position as a leading supplier of robot-based automated manufacturing systems, we are very pleased to have found in ficonTEC an exceptionally well-positioned player in the rapidly growing area of SiPh device manufacturing. In addition to providing financial support to accelerate ficonTEC’s global expansion strategy, we also expect to boost our own future growth opportunities both in our existing markets and in those emerging sectors showing increasing interest in integrated-photonics-enabled technologies.”
Torsten Vahrenkamp, CEO at ficonTEC, commented, “In RoboTechnik we have found a partner that will profoundly support advancement of our capabilities and the caliber of the equipment we can offer to our customers in Europe, USA and Asia. Complementary to our existing target markets, new opportunities in fully automated manufacture of camera modules, for example, for automotive and inspection applications, are already visible through utilization of RoboTechnik’s rapid and innovative in-line manufacturing support equipment. They are additionally incredibly supportive, enabling us to continue to grow even during the appalling Covid-19 pandemic and the ensuing global slow-down. We are very excited both by the intrinsic security afforded to us and the extra resources and capability this agreement has made available. Initial physical and managerial infrastructure improvements are being implemented right now, and we can now look forward to many more years of enabling our customers to achieve their own market objectives”.
About ficonTEC Service GmbH
ficonTEC is the recognized market leader for automated packaging and testing machine systems for high-end opto-electronic components and integrated photonic devices. Considerable process capability and dedicated assembly technologies have been accumulated over more than two decades of serving the needs of a broad selection of industry segments – including telecom and datacom, high-power diode laser assembly, sensing from bio-med to automotive, micro-optics, fiber-optics and more. ficonTEC’s flexible and scalable automation options enable customized assembly and test solutions suitable for early device development, for new product introduction (NPI), and all the way up to high-volume manufacturing (HVM) – regardless of whether for contract manufacturing or for in-house corporate R&D and production.
For more information, visit www.ficontec.com
About RoboTechnik Intelligent Technology
RoboTechnik is a specialized provider of Smart Manufactory Solutions focusing on developing, designing and manufacturing highly accurate, high-speed automated solutions to meet customers’ requirements. With high-tech expertise RoboTechnik focuses on smart manufactory solutions for Clean Energy, Electronics and Semiconductor, Automotive as well as Food and Pharmaceutical industry segments. The solutions include intelligent automation and testing equipment, intelligent storage and material transfer systems, and intelligent manufacturing execution systems.
For more information, visit www.robo-technik.com:8080/en/
About Renevo Capital Limited (RCL)
RCL represented ficonTEC as its exclusive investment bank adviser in this transaction. RCL is an international investment bank, headquartered in London with regional offices in Europe, USA and Asia, specialising in cross-border M&A and investment transaction advisory for growth technology companies. With extensive experience in investment banking, business startup, strategy formulation, product design and development, and operations management, RCL deal leads have the wisdom of founding, managing and successfully exiting their own technology businesses. Having worked and lived across the world, the RCL team has established a vast contact network of acquirers and investors, including a diversity of financial and strategic investors, operational divisions and corporate development groups. As professionally trained, expert negotiators, leading deliberations alongside the world’s largest businesses, RCL is committed to closing transactions that deliver maximum value and superior returns for its clients.
For more information visit www.renevocap.com