The ICAPE Group Acquires a New Expertise and Consolidates Its Position in the Italian Peninsula
12 Février 2024 - 5:45PM
Business Wire
Regulatory news:
The ICAPE Group (ISIN code: FR001400A3Q3 – Ticker: ALICA), a
global technology distributor of printed circuit boards (“PCB”) and
custom-made electromechanical parts, today announced the
acquisition of the operating assets of the Italian distributor
P.C.S. and of the design company Studio E2.
PCB producer for over 30 years, the Italian company P.C.S. Srl
switched to printed circuit board distribution in 2015. P.C.S. Srl
provides 360° expertise across the PCB value chain, delivering high
added-value advice from production to product sales. Its know-how
enabled it to build up a portfolio of around 80 customers from the
Lombardy industrial area, from all sectors. In 2022, P.C.S. Srl
generated an annual net revenue of more than €700,000.
Studio E2 benefits over forty years' experience in project
management applied to all sectors of civil and industrial
electronics. The company, which consists of 3 engineers, provides
more than 70 customers with a full range of services, from printed
circuit design to mechanical and electronic engineering, as well as
producing the documentation required at every stage of the
product's life. Studio E2 recorded net annual revenue of more than
€275,000 in 2022.
Already firmly established in the Italian peninsula via its
subsidiary ICAPE Italia, the ICAPE Group is strengthening its
position in this region with these acquisitions, and especially in
its historic industrial area, Lombardy. Like all the Group's
acquisitions, P.C.S. offers strong potential in terms of purchasing
and commercial synergies with the Group's local subsidiary, while
benefiting from a high level of profitability.
The integration of Studio E2 completes the already extensive
range of services provided by the ICAPE Group to its customers,
with the addition of printed circuit board design. The Group thus
now enjoys proven expertise across the entire printed circuit board
value chain, from design to delivery to the end customer.
Yann DUIGOU, Chief Executive Officer of the ICAPE Group,
stated: "Although modest compared with our previous acquisitions in
Europe, these operations consolidate our strategic position in the
PCB value chain while providing us with a new solid base in
Lombardy, an Italian region renowned for its economic dynamism.
P.C.S. has a customer base of eighty manufacturers representing all
the sectors of activity that drive this industrial area. As with
each of our acquisitions, we targeted the synergy potential between
our two entities as a key selection criterion. Given this
potential, our subsidiary ICAPE Italia should rapidly benefit from
the experience brought in by P.C.S. The acquisition of Studio E2
will enable us to bring in new, high added-value expertise for our
local and international customers. Moreover, by offering this
additional PCB design activity, we are reaffirming the ICAPE
Group's role as a key technological intermediary for its
customers.”
The acquisitions of the P.C.S. and Studio E2 assets are being
carried out by the ICAPE Italia subsidiary and are 100% financed in
cash. They will be consolidated in the ICAPE Group accounts from
February 12th, 2024.
About the ICAPE Group
Founded in 1999, the ICAPE Group acts as a key technological
expert in the PCB and technical parts supply chain. With a global
network of 35 subsidiaries and a major presence in China, where
most of the world’s PCB production is done, the Group is a
one-stop-shop provider for the products and services which are
essentials for customers. As of December 31, 2023, the ICAPE Group
recorded a consolidated revenue of €179.5 million.
For more information, visit icape-group.com
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version on businesswire.com: https://www.businesswire.com/news/home/20240212735934/en/
ICAPE Group CFO Arnaud Le Coguic Tel: 01 58 18 39
10 investor@icape.fr
Investor Relations NewCap Nicolas Fossiez
Louis-Victor Delouvrier Tel: 01 44 71 94 98 icape@newcap.eu
Media Relations NewCap Arthur Rouillé Antoine
Pacquier Tel: 01 44 71 94 94 icape@newcap.eu
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