V-TEK International Completes Acquisition of Royce Instruments
MANKATO, MN—V-TEK International of Mankato, MN announces the acquisition of Royce Instruments, of Napa, CA.
Since 1985, V-TEK has earned a solid reputation as a global leader in developing and delivering electronic component packaging solutions. Known for reliability, performance, service and innovation, V-TEK will now combine forces with Royce Instruments, to offer additional choices of products and services for an expanded global clientele.
“The acquisition supports our strategy to grow by expanding our electronic component market presence while also increasing overall share," explains Larry Haberman, President of V-TEK. "Royce’s line of bond testers and die sorting equipment compliments V-TEK's current technology and improves customer access. The combined firm will strengthen our ability to innovate and expand our existing product lines."
Founded by Dennis and Vivian Siemer, V-TEK designs, builds and markets capital equipment sold globally to test, inspect, handle, and package electronic components. The company distributes consumable packaging supplies and also provides inspection, test and packaging services at its headquarters in Mankato, MN, as well as two locations in Mexico.Royce is a global leader in designing precision assembly tools and high-accuracy, low-force bond test equipment for the semiconductor industry.
V-TEK and Royce have thrived in their respective markets over the past 30 years. As Royce founders Malcolm and Diane Cox begin a transition to retirement, blending the two successful businesses offers a future filled with new opportunities brought about by synergies of product scope, engineering talent, and skilled personnel.
“We plan to continue our tradition of maximizing value for our customers by offering products and services that consistently conform to customers’ requirements while exceeding expectations, " said Haberman. "Royce's unique combination of engineering acumen and market knowledge built the company into an internationally respected manufacturer of testing and handling equipment. V-TEK intends to preserve and extend the Royce brand throughout the transition.”
With a combined total of more than 55 global distribution sites, localized technical service, and a dedicated sales organization delivered through a global
network of alliances, the acquisition of Royce makes V-TEK poised to take innovative technologies to new markets and continue growth worldwide.
CONTACT: V-TEK International 751 Summit Avenue Mankato, MN 56001 Ph: (507) 387-2039