ICAPE GROUP Consolidates Its Technological Expertise by Integrating Bordan Electronic Consult’s Assets in Germany
November 27 2023 - 12:00PM
Business Wire
Regulatory News:
ICAPE Group (ISIN code: FR001400A3Q3 - Ticker: ALICA)
(Paris:ALICA), a global technology distributor of printed circuit
boards ("PCB"), today announced the acquisition of 100% of the
assets of Bordan Electronic Consult, a German company specializing
in the design of "custom-made" technical parts.
Since 2002, Bordan Electronic Consult has been developing a
range of services focused on the distribution of technical parts to
some thirty customers, mainly based in Germany. Thanks to strong
sourcing partnerships, Bordan Electronic Consult offers its
customers a wide spectrum of products, of which almost 80% are
custom-made. In 2022, the company generated €0.9 million in revenue
and a gross margin of over 35%.
With this operation, ICAPE Group established its CIPEM activity
in Germany, dedicated to the distribution of "custom-made"
technical parts, thereby consolidating its position as
technological expert in this strategic market. The long-term
partnerships forged by Bordan Electronic Consult will enable the
Group to diversify its sourcing with suppliers based in Germany,
Japan and Taiwan. The integration of this new asset within the
Group should also generate potential purchasing, cost and sales
synergies in the short and medium term.
Yann DUIGOU, CEO of ICAPE Group, stated: "We are
delighted to be able to integrate Bordan Electronics Consult’s
assets into ICAPE Group. This well-known German player in the
distribution of custom-made technical parts reinforces our position
as a technological expert at the service of our industrial
customers. This new operation should also contribute to generate
synergies by pooling our respective know-how. The objective of this
acquisition, in line with our external growth strategy and our
previous operations in this high-stake territory, will be to
participate in the improvement of our local subsidiary's organic
growth and profitability.”
In line with the Group's previous acquisitions in Germany, such
as HLT in May 2023 and Princitec in September 2023, this operation
was carried out by the subsidiary CIPEM Deutschland Gmbh and
financed 100% in cash. The integration of this new asset in the
Group's accounts is effective from November 27, 2023.
About ICAPE Group
Founded in 1999, ICAPE Group acts as a key technological expert
in the PCB supply chain. With a global network of 36 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, 2022, ICAPE Group recorded a consolidated revenue of
nearly €220 million.
For more information: icape-group.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231127151251/en/
ICAPE Group CFO Arnaud Le Coguic Tel: +33 1 58 18
39 10 investor@icape.fr
Investor Relations NewCap Nicolas Fossiez
Louis-Victor Delouvrier Tel: +33 1 44 71 94 98 icape@newcap.eu
Media relations NewCap Arthur Rouillé Antoine
Pacquier Tel: +33 01 44 71 94 94 icape@newcap.eu
Icape (EU:ALICA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Icape (EU:ALICA)
Historical Stock Chart
From Jul 2023 to Jul 2024