BROMMA, SWEDEN -- NCAB Group today signed an agreement to acquire 100% of the shares in META Leiterplatten GmbH for an undisclosed amount.

The transaction is expected to be accretive to earnings in 2022 and to close in early January.

Villingen-Schwenningen, Germany-based Meta was founded in 2000 and serves customers in Germany and expects net sales of about SEK 85 million ($9.39 million) in 2021 with an estimated EBITA of SEK 4.5 million. The company provides customers with PCB-solutions in the HMLV (high-mix-low-volume) segment, mainly in the industrial, consumer and medical sectors. Their suppliers are located in China and Taiwan.

The company has 17 employees, all based at its German headquarters.

In a statement, NCAB CFO Anders Forsén said, “META is a well-managed trader of high-quality PCBs and complements our German business very well. It is an important component of NCAB’s strategy to actively participate in the consolidation of the market. META will be integrated with NCAB Europe.”

Added Annabell Uhl, shareholder and CEO of META: “This is a great opportunity for all of us. META Leiterplatten has been privately owned and dominated by a customer-driven culture with a goal to deliver superior performance and value. Being selected by NCAB Group to be a part of their new Germany team is a great compliment. Joining NCAB will give us even more leverage to support our customers. The major benefits of joining the NCAB Group will come from their extensive factory management organization in Asia and the increase in resources worldwide. I am looking forward to working for NCAB to solidify the transition, continue to grow our business and tackle the most demanding PCB requirements in our industry.”

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