KIBUTZ HAZOREA, ISRAEL – Fineline Global has announced the acquisition of German PCB supplier IBR Leiterplatten.
IBR will continue to operate independently and will now strengthen its position in the market, benefiting from additional production capacities, resources and infrastructure from the strong Fineline network, Fineline said in a release announcing the acquisition.
Existing projects and day-to-day operations will remain unchanged for IBR customers, the company said.
With the acquisition, Fineline said it will continue to expand its position as a leading value-added reseller of printed circuit boards in Germany and the DACH region.
"We are pleased to be able to offer IBR customers even more opportunities and benefits for stronger cooperation," said IBR managing director Christian Ringler.
"The Fineline team and I are very excited to see what IBR's recipe for success has been so far, and at the same time how we will continue to successfully develop both business models in the future," said Dirk Wolter, managing director, Fineline Germany.