FONTENAY-AUX-ROSES, FRANCE -- Icape Group today announced the acquisition of 100% of the shares in Lusodabel, a supplier of printed circuit boards in Portugal and Spain.
Icape paid cash for Lusodabel, which will continue to operate in Portugal and Spain under the name Icape Lusodabel. Its seven employees of this entity will support the activity of the subsidiary Icape Iberica.
Founded in 1996, Lusodabel specializes in making prototypes through production volumes of PCB. It has about 50 local customers, mainly from the industrial and telecommunications sectors. In 2021, Lusodabel generated annual net sales of more than €6.1 million and an EBIT of about €1.2 million.
"With Lusodabel, Icape Group actively pursues its external growth strategy focused on the generation of purchasing and commercial synergies by targeting profitable players, locally recognized and with a strong customer portfolio," said Cyril Calvignac, CEO, Icape. "For Icape Group, the Iberian Peninsula represents a key market, invested from 2019 following the opening of a subsidiary in Barcelona. With the support and experience of Lusodabel, which becomes the 30th subsidiary of our group, we strengthen our value proposition in this market while ensuring increased proximity with our Spanish and Portuguese customers."
"Lusodabel is still a growing company, and we are convinced that joining ICAPE Group is a boost to develop our business and increase the level of services we offer to our customers.," said Vitoriano Fidalgo, founder, Lusodabel. "Joining our forces today means that our customers will be able to benefit from better options regarding PCB technologies, commodities, quality, and logistics. We are also very happy to enter their network and be able to provide our customers with the thrust that comes with their renowned worldwide organization, processes and expertise."
PCB West: The leading technical conference and exhibition for electronics engineers. Coming Oct. 4-7 to the Santa Clara (CA) Convention Center. pcbwest.com