Icape Holding Acquires MON PRINT, One of the Leading Suppliers of PCB Solutions in Denmark
August 29 2022 - 1:30AM
Business Wire
Regulatory News:
Icape Holding (ISIN code: FR001400A3Q3 - mnemonic: ALICA)
(Paris:ALICA), a global technology distributor of printed circuit
boards, today announces the acquisition of 100% of the shares in
MON PRINT, a major supplier of PCB solutions in Denmark.
In 2021, MON PRINT generated annual net sales of DKK 9.4 million
and EBIT of DKK 0.7 million. The Group expects MON PRINT’s annual
sales to grow by slightly more than 10% and its EBIT margin to
significantly improve in 2022. The purchase price amounts to €0.7
million, and may be subject to additional payments depending on MON
PRINT’s 2022 and 2023 results.
Cyril CALVIGNAC, ICAPE Group’s CEO, stated: “We are
thrilled to welcome within our Group such a renowned player in
Denmark and Northern Europe, strengthening our position in this
region. This acquisition is in line with our ambitious external
growth strategy, as announced during our IPO, in order to
consolidate our global leadership in the PCB distribution through
now 29 subsidiaries worldwide. This strategic operation enables us
to offer a close proximity to our industrial customers by joining
forces with a local player, guaranteeing a high quality of service.
It is with enthusiasm that we will share our know-how with MON
PRINT which will benefit from the complete range of high
value-added services of ICAPE Group. We are confident to complete
several other acquisitions by the end of the year, with the same
objective of generating commercial and purchasing synergies, in
line with our profitable growth objectives.”
Founded in 1965, MON PRINT is a Danish supplier of PCB providing
a wide range of high-value solutions. MON PRINT provides a high
level of services for its customers in the Medical,
Telecommunications, Industrial and Commercial markets.
Now benefiting from the entire ICAPE Group platform, including
sourcing, purchasing, quality, laboratory and customer service, as
well as its network of 75 partner factories mainly located in
China, MON PRINT will now be able to offer more services to its
customers, increase its volumes and thus increase its profitable
growth.
The acquisition will be consolidated from January 1st, 2022 and
is fully financed by Icape Holding in cash. In order to make MON
PRINT benefit from the influence of the ICAPE brand, the new entity
will be named ICAPE DENMARK and will be integrated as a subsidiary
of Icape Holding.
About ICAPE Group
Founded in 1999, ICAPE Group acts as a key technological expert
in the PCB supply chain. With a global network of 29 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. In 2021,
ICAPE Group generated consolidated revenue of €169 million.
For more information, visit www.icape-group.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220828005016/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 Nicolas Merigeau Tel: + 33
1 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