BROMMA, SWEDEN – NCAB Group signed an agreement today to acquire 100% of the shares in Bare Board Group for $12 million. BBG had revenue of approximately $30 million in 2019.
“We are very happy to join forces with BBG,” said Martin Magnusson, president of NCAB Group USA. “NCAB Group USA and BBG together will take on a leading position in the US PCB market. This brings additional value to our North American segment, with increased ability to offer our customers superior quality and service, as well as more volumes to our existing factories. BBG’s supply chain management and factories are mainly located in Taiwan, which is a great supplement to our existing factory base and allows for more options in order to satisfy our customers´ PCB demands in the future. We have the same value-driven organization and the same focus on giving our customers excellent quality and service.”
"This deal is very exciting and positive, both for our customers and employees," said Jason Liu, former co-owner of BBG. “Our customers will get access to more factories with the best technology. For our employees, we join a great international organization with many new highly skilled colleagues. This will further develop and strengthen us for the future.”
“We are thrilled to be joining with NCAB Group in the US,” said Adrienne Ridley, former co-owner of BBG. “Being selected by NCAB Group to be a part of their North American growth is a great compliment. As the PCB supply market continues to evolve, this is an excellent time to take this step and grow together.”