FONTENAY-AUX-ROSES, FRANCE – Icape Group has announced the acquisition of 100% of the capital of ALR Services, a British PCB distributor.

With the acquisition, Icape expands its business in the UK while integrating a local structure renowned for its expertise and commitment to continuous improvement, the company said, while ALR Services now has access to a greater range of services and the full purchasing power of Icape.

“We are delighted to integrate ALR Services, which gives us a footprint in the United Kingdom, a highly competitive market for PCB distribution players," said Icape Group CEO Yann Duigou. "As with all Icape Group acquisitions, we identified strong synergies and concrete cross-selling opportunities between our two organizations, which should translate into increased post-integration revenue. In addition, ALR Services' local teams serve a portfolio of 300 active customers, not addressed by the Icape Group, to whom they will now be able to offer the full range of services offered by our global platform."

With a portfolio of 300 EMS and OEM customers in the defense and automotive industries, ALR Services expects to achieve revenue of £2.5 million ($3.2 million) in 2024.