Icape: purchase of the assets of three companies in the United States
PCB Solutions and Ustek Incorporated also trade in technical parts, the former accounting for 10% of their business and the latter for almost 30%.
In total, the three companies cover the needs of a portfolio of over 180 North American customers, from a wide variety of industries, ranging from medical device design to the automotive sector.
In 2022, these three companies generated combined annual net sales of over $5 million, as well as an EBITDA margin in excess of 10%.
Icape believes that the assets offer strong potential in terms of purchasing and commercial synergies with the Group's local subsidiaries, and benefit from a high level of profitability.
"This should ensure us significant post-integration profitable growth in the short to medium term", said Yann Duigou, CEO of Groupe ICAPE.
These asset acquisitions are financed 100% in cash, and will be integrated into the Group's accounts as of October 1, 2023.
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