Printed Circuit Design & Fab Online Magazine - Icape Group Expands German Presence with Princitec Acquisition
Summary
Since 2004, Princitec has been providing the full range of technical, sourcing and quality services associated with the distribution of printed circuit boards, and backed by a network of 11 distributors in Asia and Europe, the company benefits from the commercial capacity to meet the needs of a wide variety of industries within very tight deadlines, thanks in particular to its wide range of products, Icape Group said in announcing the acquisition. "With the acquisition of Princitec, we pursue the acceleration of our external growth strategy, focusing on supply and commercial synergies and cost optimization," said Yann Duigou, CEO of Icape Group. In addition, its seasoned team, solid supplier network and customer portfolio spanning a wide variety of industries will strengthen our position in Germany, one of the worlds leading markets. "ICAPE Group, in addition to its position as a leading player in our market, has a set of values in line with our DNA, focused on product quality and customer relations," said Princitec Managing Director Bernhard Tschampel. "Thanks to this association, our customers will benefit fully from ICAPEs purchasing power and unique logistics platform, which will lead to a strengthening of the quality of service provided by our teams.
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