MILAN -- NCAB Group today signed an agreement to acquire 100% of the shares in Bare Board Consultants based in Codogno, south of Milan, Italy.

The transaction is expected to close in January 2023.

The acquisition will be accretive to earnings per share in NCAB Group in 2023. Synergies are expected in suppliers, payment terms, factory management, and logistics.

Bare Board Consultants, founded in 1990, serves customers in Italy and expects net sales of about SEK 90 million ($8.6 million) in 2022 with an estimated EBITA of SEK 9 million. The company provides customers with PCBs in the HMLV (high-mix, low-volume) segment, mainly in the industrial and medical sectors. Its suppliers are located in China.

In a press release, Anders Forsén, CFO, NCAB, said: “Bare Board Consultants is a well-known trader of high-quality PCBs and complements our Italian business very well. It is an important component of NCAB’s strategy to actively participate in the consolidation of the market. Bare Board Consultants will be integrated with NCAB Group Italy.”

Added Luigi Faliva, former owner and chairman, Bare Board Consultants: “We are happy to be joining forces with NCAB Group. Bare Board Consultants is a customer oriented organization with a strong focus on quality, reliability and service. Becoming part of NCAB Group will give our customers access to the best technology and their extensive factory base in Asia and Europe, as well as increased resources and competence worldwide.”

Bare Board Consultants' employees will relocate to NCABs existing office in the area.