FONTENAY-AUX-ROSES, FRANCE – Icape Group has acquired 100% of the assets of Bordan Electronic Consult, a German company specializing in the design of custom-made technical parts.
Since 2002, Bordan Electronic Consult has been developing a range of services focused on the distribution of technical parts to some 30 customers, mainly based in Germany, and offers a wide spectrum of products, of which almost 80% are custom-made. In 2022, the company generated €0.9 million in revenue and a gross margin of over 35%.
With the acquisition, Icape has established its CIPEM operation in Germany, dedicated to the distribution of "custom-made" technical parts. The long-term partnerships forged by Bordan will enable the company to diversify its sourcing with suppliers based in Germany, Japan and Taiwan, while also generating potential purchasing, cost and sales synergies in the short and medium term, Icape said in a release.
"We are delighted to be able to integrate Bordan Electronics Consult’s assets into Icape Group," said Yann Duigou, CEO, Icape Group. "This well-known German player in the distribution of custom-made technical parts reinforces our position as a technological expert at the service of our industrial customers. This new operation should also contribute to generate synergies by pooling our respective know-how. The objective of this acquisition, in line with our external growth strategy and our previous operations in this high-stake territory, will be to participate in the improvement of our local subsidiary's organic growth and profitability."