ICAPE Group announces major acquisition, becoming one of the leading players in PCB distribution in Japan

Regulatory News:

The ICAPE Group (ISIN code: FR001400A3Q3 – Ticker: ALICA), a global technology distributor of printed circuit boards (“PCB”) and custom electromechanical components, today announced the signing of a contract for the acquisition of 100% of the capital of the Japanese group NTW, specialized in the distribution of PCB in Asia. The completion of the acquisition is subject to customary closing conditions and is expected to take place on September 19, 2024.

Founded in 2002, the NTW Group is a Japanese supplier specializing in PCBs, providing high added value expertise based on a business model similar to that of the ICAPE Group. The Group owns 7 subsidiaries located as close as possible to the global PCB production centers, namely in Japan, China and Southeast Asia. Its 40 employees serve a customer base of major Japanese accounts in a wide variety of sectors, ranging from office automation to communication and infrastructure tools. The NTW Group expects to achieve an annual turnover of more than $20 million by 2024.