-
- News
- Books
Featured Books
- design007 Magazine
Latest Issues
Current IssuePartial HDI
Our expert contributors provide a complete, detailed view of partial HDI this month. Most experienced PCB designers can start using this approach right away, but you need to know these tips, tricks and techniques first.
Silicon to Systems: From Soup to Nuts
This month, we asked our expert contributors to weigh in on silicon to systems—what it means to PCB designers and design engineers, EDA companies, and the rest of the PCB supply chain... from soup to nuts.
Cost Drivers
In this month’s issue of Design007 Magazine, our expert contributors explain the impact of cost drivers on PCB designs and the need to consider a design budget. They discuss the myriad design cycle cost adders—hidden and not so hidden—and ways to add value.
- Articles
- Columns
Search Console
- Links
- Media kit
||| MENU - design007 Magazine
SCHMID Group Closes Business Combination, Begins Trading on NASDAQ
May 2, 2024 | SCHMID GroupEstimated reading time: 1 minute
Gebr. SCHMID GmbH, a global solutions provider for the high-tech electronic, photovoltaics, glass, and energy systems industries, and Pegasus Digital Mobility Acquisition Corp. announced the completion of their business combination. As a result, starting April 30, 2024 the existing company’s legal name is SCHMID Group N.V. SCHMID Group N.V.'s shares will begin trading on the Nasdaq Global Select Market under the ticker symbol “SHMD”.
The business combination, first announced on May 31, 2023, has resulted in the initial listing of SCHMID on NASDAQ in New York. SCHMID believes that the completion of the business combination and public listing further enables SCHMID to win large scale deployment contracts, attract top talent and provide a currency for targeted acquisitions.
SCHMID is a 160-year-old technology company in its fifth generation of family ownership and management. SCHMID focuses on developing customized equipment and process solutions for multiple industries including high-tech electronics, photovoltaics, glass and energy systems.
With expertise in applying & connecting technical layer stacks paired with being a supplier of capital equipment – SCHMID provides solutions for advanced packaging on panel level size, high-end printed circuit boards as well as PV & Glass manufacturing and energy storage. SCHMID solutions are underpinned by a commitment to sustainable innovation.
R&D is geared to help customers achieve their CO2 neutrality targets and greener manufacturing.
SCHMID signed non-redemption and investment agreement for approximately USD 26 million in committed capital with the business combination including from various institutional investors as well as USD 8 million from Pegasus Digital Mobility Sponsor LLC, the sponsor of Pegasus.
Christian Schmid, CEO of the SCHMID Group N.V., commented, "Today marks a major milestone for SCHMID Group and the future of our company. As a fifth- generation family business, we’ve been innovating for over 160 years. Today, we solve for the most-pressing challenges in Electronics – our solutions help unlock the future of AI. By taking SCHMID public, we strengthen our global position and accelerate our sustainable innovation for the benefit of all stakeholders."
Sir Ralf Speth, CEO and Chairman of Pegasus, added, “Seeing this deal come to a close brings me great excitement for the future. I look forward to joining SCHMID’s Board of Directors to leverage my deep expertise in the Automotive sector to support SCHMID’s growth and expansion into new markets.”
Suggested Items
INSPECTIS AB Launches Series U50 at Electronica 2024
11/04/2024 | INSPECTISINSPECTIS AB announces the launch of its Series U50 digital camera microscope, a 4K system boasting 60 FPS for applications where ultra-high resolution is needed for fast-moving inspection or live working tasks.
SEMI Europe Announces 2024 20 Under 30 Awards Celebrating Innovation and Leadership
11/04/2024 | SEMISEMI Europe and the SEMI European Advisory Council for Diversity and Inclusion announced the 2024 20 Under 30 Award Recipients, honoring exceptional young professionals who are driving innovation and success in the semiconductor industry.
IBIDEN Reports Strong Q2 Financial Performance for FY2024
11/04/2024 | IBIDENIBIDEN Co., Ltd. released its Q2 FY2024 financial report, showcasing solid growth across its core business segments. Net sales reached ¥181.6 billion, a slight decrease from the previous year, while the electronics segment reported a 4.2% drop due to market adjustments.
DuPont’s Wendy Andrushko Named one of Canada’s Top 100 Most Powerful Women of 2024
11/04/2024 | DuPontDuPont announced that Wendy Andrushko, DuPont Canada President, and Global Customer Service Director for the Electronics & Industrial segment, has been named among the recipients of the Canada’s Most Powerful Women: Top 100 Award by the Women’s Executive Network (WXN).
Incap UK Enhances Quality Assurance with Advanced X6600B X-Ray Inspection System
11/04/2024 | IncapIncap UK is pleased to announce the addition of the X6600B X-Ray Inspection System to our facility, a state-of-the-art 6-axis universal precision inspection solution.