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Micro Component Technology, Inc. (MCT, St. Paul, MN), a manufacturer of automated test handling equipment, and Aseco Corp. (Marlborough, MA), a manufacturer of surface-mount device test handlers, have jointly announced that they have signed a definitive merger agreement. The acquisition, currently valued at $16.3 million and subject to adjustment under certain terms of the agreement, is structured as a stock-for-stock purchase and is expected to close this month. The agreement has been approved by the companies' boards of directors and is subject to approval by the shareholders of each company and regulatory agencies. The transaction is expected to be accretive.