The design and fabrication of device bonders for German group SUSS MicroTec has been carried out by the French division of Saint-Jeoire. However, following the new corporate strategy of the SUSS group focusing on core competencies, Gaël Schmidt, president of SUSS France, has acquired the Device Bonder division through a management buy out (MBO).
So, 32 years after the founding of the first family owned company S.E.T. (Sulzer Electro-Technique), established in 1975 by his father, Schmidt has named the new company S.E.T. (Smart Equipment Technology), which is a simplified joint stock company with a capital of €40,000.
As the new president and CEO of S.E.T., Schmidt commented, “This change will enhance our decisional independence, which we really need to implement our corporate strategy and develop our key business in emerging markets such as advanced packaging, MEMS or nano-imprinting technology.”
Following the MOB, S.E.T. will strengthen its international standing in the manufacture of specific equipment for future assembly challenges and applications, which require high density integration (mobile phones, GPS, PDA, etc.). The company also intends to reinforce its staff with new recruits and produce an estimated turnover of €8 M this year.