The Icape Group announces the acquisition of the operating assets of PCB Solutions, Ustek Incorporated and Nujay Technologies, three companies which have specialized in printed circuit board trading in the United States for over twenty years.

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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