FONTENAY-AUX-ROSES, FRANCE-- Icape Group has acquired Møn Print, a Danish printed circuit board fabricator.

Icape paid €700,000 ($700,000) for Møn Print, subject to additional payments depending on the company's 2022 and 2023 results.

Møn Print has annual net sales of DKK9.4 million ($1.26 million) and EBIT of DKK700,000. Icape expects Møn Print annual sales to grow by slightly more than 10% and its EBIT margin to significantly improve this year.

Icape Denmark will continue to operate from the Møn Print facility in Stege with its current team.

Founded in 1965, Møn Print has some 200 customers and a network of 13 factories.

“We are very proud to welcome such a talented team into our organization today, to strengthen our position in this region," said Cyril Calvignac, CEO, Icape Group. "Møn Print’s background in the Danish PCB industry is second to none, it’s very good news for Møn Print and ICAPE Group’s customers in Denmark that we join forces from now as we will share all ICAPE Group’s range of services with a local actor of the PCB industry. We are convinced that the level of service that we will be able to provide will be unmatched in this market.”

Tina Perdersen, CEO of Møn Print, said: “Icape Group is a great structure with local offices in many countries, and with more than 600 employees around the world. Thanks to its organization, network, global strategy, and proven processes, Icape became a major player in the PCB industry. We are happy to integrate such a serious, dedicated, and successful company to look ahead with confidence for our customers. With Icape, we expect to be one of the leading PCB suppliers in Denmark.”

1 DKK = 0.134373 USD

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