FONTENAY-AUX-ROSES, FRANCE – Icape Group has announced the acquisition of the operating assets of Italian PCB distributor PCS and design company Studio E2.

A PCB producer for over 30 years, PCS switched to printed circuit board distribution in 2015, and has built up a portfolio of around 80 customers from the Lombardy industrial area, from all sectors. In 2022, PCS generated an annual net revenue of more than €700,000 ($754,000).

Studio E2 has more than 40 years of experience in project management applied to all sectors of civil and industrial electronics. The company, which consists of three engineers, provides more than 70 customers with a full range of services, from printed circuit design to mechanical and electronic engineering, as well as producing the documentation required at every stage of the product's life. Studio E2 recorded net annual revenue of more than €275,000 in 2022 ($296,000).

Through the acquisition of PCS, Icape expands its presence in Italy, especially in its historic industrial area, Lombardy, and the company offers strong potential in terms of purchasing and commercial synergies with its local subsidiary while benefiting from a high level of profitability, Icape said in a release.

The integration of Studio E2 completes the already extensive range of services provided by Icape to its customers, with the addition of printed circuit board design, giving the company proven expertise across the entire printed circuit board value chain, from design to delivery to the end customer, Icape said.

"Although modest compared with our previous acquisitions in Europe, these operations consolidate our strategic position in the PCB value chain while providing us with a new solid base in Lombardy, an Italian region renowned for its economic dynamism," said CEO Yann Duigou. "PCS has a customer base of eighty manufacturers representing all the sectors of activity that drive this industrial area. As with each of our acquisitions, we targeted the synergy potential between our two entities as a key selection criterion. Given this potential, our subsidiary Icape Italia should rapidly benefit from the experience brought in by PCS. The acquisition of Studio E2 will enable us to bring in new, high added-value expertise for our local and international customers. Moreover, by offering this additional PCB design activity, we are reaffirming the Icape Group's role as a key technological intermediary for its customers."

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