ICAPE Group Announces Acquisition of the Assets of the German PCB Distributor HLT
29 Mai 2023 - 7:30AM
Business Wire
Regulatory News:
ICAPE Group (ISIN code: FR001400A3Q3 - Ticker: ALICA), a global
technology distributor of printed circuit boards ("PCB"), today
announced the acquisition of the operating assets of the company
HEISSENBERGER LEITERPLATTENTECHNIK ("HLT"), a German PCB
distributor.
Based in the German state of Baden-Württemberg, which is known
for its industrial area specialized in automotive production, HLT
supplies PCB to some 50 well-known customers. With a network of 6
strategic suppliers and its own logistics capabilities, HLT
provides a range of high value-added services in fields as diverse
as the automotive, home automation, telecommunications, aerospace
and medical industries. HLT is thus positioned in markets that
demand a wide variety of products in small and medium volumes
("High-Mix Low-Volume"). HLT generated revenue of €4.1 million in
2022.
Thanks to its diversified customer portfolio and its strategic
location, HLT shows an advanced potential of synergies with the
German subsidiary of ICAPE Group. With this acquisition, the Group
strengthens its position as a leading player in one of the major
markets for PCB distribution in Europe and worldwide. Furthermore,
HLT's supplier portfolio and logistics platform will consolidate
and optimize the global network structured by ICAPE Group, offering
a significant value creation potential.
Cyril Calvignac, ICAPE Group’s CEO, stated: "Germany
represents one of the most important markets in the world, both for
our industry and for our Group, and this is why we are enthusiastic
to strengthen our position in this country once again today through
the acquisition of HLT’s operating assets. Its highly skilled team
works daily for some of the biggest names in the industry and their
expertise will be a great asset to our development in this mature
market. HLT's values, focused on high value-added service quality,
match ours perfectly. We are confident that many synergies will
arise from the combination of our know-how, particularly at local
level.”
Ralf HEISSENBERGER, HEISSENBERGER LEITERPLATTENTECHNIK’s
Managing Director, pursued: "By joining the ICAPE Group, we are
partnering with a world leader in PCB distribution, whose
purchasing power, supplier network and logistics platform will
enable us to deliver an even more differentiated service to our
customers. We look forward to working with the Group's teams, both
in Germany and internationally, to leverage all the synergies that
can be deployed between our two structures."
This acquisition of assets is carried out by the subsidiary
ICAPE Deutschland GmbH and is financed 100% in cash.
About ICAPE Group
Founded in 1999, ICAPE Group acts as a key technological expert
in the PCB 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, 2022, ICAPE Group recorded a consolidated revenue of
nearly €220 million.
For more information: icape-group.com
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version on businesswire.com: https://www.businesswire.com/news/home/20230528005001/en/
ICAPE Group CFO Shora Rokni 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
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