Icape Group has acquired Bordan Electronic Consult, a German company specializing in tailored technical component distribution.

Since its establishment in 2002, Bordan Electronic Consult has been a dynamic player in the distribution of technical components specializing in low-power connectors to high-power connection solutions since its establishment in 2002, with almost 80% of its products being customized to meet specific requirements. In 2022, Bordan Electronic Consult saw a turnover of €900,000 euros with a gross margin exceeding 35%.

The acqusition by Icape Group solidifies its presence in Germany through its CIPEM division, which is dedicated to the production and distribution of customized technical components, and the long-term partnerships established by Bordan will enhance the Icape's sourcing capabilities, incorporating suppliers from Germany, Japan and Taiwan, Icape said in a release.

"This reinforces our position as a technological expert at the service of our industrial customers," said Icape Group CEO Yann Duigou. "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."