Successful exit for HTGF: Hprobe joins Mycronic to strengthen leadership in magnetic device testing

HTGF portfolio company Hprobe, a leading provider of turnkey semiconductor Automatic Test Equipment (ATE) for magnetic devices, today announced its acquisition by Mycronic, a Swedish high-tech company specializing in precision production equipment for the electronics industry. The integration represents a strategic move to enhance Hprobe’s technological and market leadership in MRAM and magnetic sensor testing, supporting the transition to high-volume manufacturing, and enhancing reliability and performance for end-users.

As an early backer of Hprobe, HTGF, one of Europe’s leading seed investors, led a significant financing round in 2019 and has closely supported the successful development of the startup. As part of the transaction, HTGF has sold its stake.

By leveraging Mycronic’s global infrastructure, Hprobe will expand its presence across Asia, North America, and Europe while accelerating its technology and product roadmaps to meet growing demand for wafer testing of advanced MRAM and next-generation TMR sensors. Hprobe will operate as a new business line within Mycronic’s Global Technologies division.

“Joining Mycronic marks a significant milestone for Hprobe. This acquisition will enable us to scale operations, accelerate innovation, and better serve our customers worldwide,” said Laurent Lebrun, CEO of Hprobe. “With Mycronic’s global reach and resources, we are well-positioned to drive the future of magnetic device testing.”

“Mycronic sees semiconductor testing, particularly for MRAM and magnetic sensors as a key growth area, and Hprobe’s expertise is a perfect fit for our strategy,” said Magnus Marthinsson, Senior Vice President of Global Technologies at Mycronic. “Together, we will advance MRAM and sensor testing to support industry growth.”

Christian Ziach, Principal at HTGF, said: “After leading the seed round with strong international investors at the end of 2019, I am very pleased that with the sale of Hprobe to Mycronic we have not only found a strong partner for further global growth, but also a buyer from Europe.”

About Mycronic
Mycronic is a Swedish high-tech company engaged in the development, manufacture and marketing of production equipment with high precision and flexibility requirements for the electronics industry. Mycronic’s headquarters are located in Täby, north of Stockholm and the Group has subsidiaries in China, France, Germany, Japan, Mexico, the Netherlands, Singapore, South Korea, United Kingdom, United States and Vietnam. Mycronic is listed on Nasdaq Stockholm.

About Hprobe
Founded in March 2017 and based in Grenoble (France), Hprobe is a spin-off company of SPINTEC (one of the leading spintronics research laboratories worldwide). The company designs, manufactures, and markets equipment for wafer-level testing of magnetic devices in the semiconductor industry, which serves consumer, communication, industrial and automotive customers.

Media Contact (Hprobe)
Camille Dufour
International PR Consulting
camille.dufour@hprobe.com
Mobile : +33 (0) 6 79 49 51 43

About HTGF – High-Tech Gründerfonds
HTGF is one of the leading and most active early-stage investors in Germany and Europe, financing start-ups in the fields of Deep Tech, Industrial Tech, Climate Tech, Digital Tech, Life Sciences and Chemistry. With its experienced investment team, HTGF supports start-ups in all phases of their development into international market leaders. HTGF invests in pre-seed and seed phases and can participate significantly in later-stage financing rounds. Across its funds, HTGF has over 2 billion euros under management. Since its inception in 2005, HTGF has financed more than 770 start-ups and achieved almost 200 successful exits.  
Fund investors in the public-private partnership include the German Federal Ministry for Economic Affairs and Climate Action, KfW Capital as well as 45 companies and family offices.  
For more information, please visit HTGF.de or follow us on LinkedIn.  

Media contact
High-Tech Gründerfonds Management GmbH
Tobias Jacob, Senior Marketing & Communications
T.: +49 228 – 82300 – 121
t.jacob@htgf.de