Printed Circuit Design & Fab Online Magazine - Exceet to Sell GS Swiss PCB

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Printed Circuit Design & Fab Magazine

GREVENMACHER, LUXEMBOURG – Exceet Group signed a contract to sell GS Swiss PCB for approximately CHF 105 million (US$113.2 million).

The company manufactures miniaturized printed circuit boards for the medical technology and aerospace sectors.

The completion of the transaction is not subject to any conditions and is expected to occur as of Dec. 31.

Exceet is expected to have a net cash position after transaction costs of about €110 million (US$127.2 million) after completion of the transaction.

GS Swiss PCB generated revenues of €36 million and operating profit of €9.5 million in fiscal 2021.

Exceet Group no longer holds any operating companies and has reported discontinued operations in the half-year financial statements as of June 30.

A fund for the sale was advised by Afinum Management.

Exceet to Sell GS Swiss PCB