MUNICH – Icape Group acquired German PCB supplier SAFA2000 for an undisclosed sum.
SAFA2000 had 2021 revenue of €15.5 million (US$16.8 million), with 28 employees and 360 active customers.
“Icape Group is well established in Germany,” said Cyril Calvignac, CEO, Icape. “Our business unit recently moved to brand-new offices. We deployed more logistics solutions in Nuremberg. We invested in the acquisition of BA Elektroniks in 2021, and we are now moving forward with the acquisition of SAFA2000, which brings another experienced structure to our organization, with very interesting tools, new customers, an expansion of our suppliers’ list, and advanced logistics services with a fully operational warehouse to manage our activities in this dynamic country that represents our biggest market share in Europe.”
“It’s a great step forward for our structure,” said Antonio Dias, CEO, SAFA2000. “In this industry, Icape Group is a real leader, and we are happy to join forces with such a successful and renowned company. In the past, Icape Group was a respected competitor with very solid advantages, which we are happy to partner with from now on. Together, we will be stronger, and, in the end, our customers will benefit from the strength of both companies reunited in a common quest: better services, better prices, better quality.”
The German company will be integrated into Icape Deutschland in 2023.