Dan's Biz Bookshelf: 'Revenge of the Tipping Point'
Marcy's Musings: Engineering Economics
Punching Out: Should You Sell Your Company to a Private Equity Firm?
NCAB Group Acquires Flatfield in the Netherlands
March 12, 2020 | NCAB GroupEstimated reading time: 1 minute
NCAB Group has on the 12 of March 2020 signed an agreement to acquire 100% of the shares in Flatfield Multiprint International B.V. Based in Tiel, Netherlands.
Flatfield is one of the leading PCB Suppliers in the Benelux region. Outside Benelux, Flatfield also has a broad customer base in Germany. Flatfield had a turnover of just over 300 million SEK in 2019 and an EBITA of approximately 25 million SEK. It has 50 employees mainly in Netherlands and Germany, but also 15 located in China.
The purchase price for Flatfield is SEK 182 million which will imply a multiple of approx. 7 times EBITA before potential synergies. The acquisition will be consolidated from March,1 and will be accretive to Earnings per share in 2020. Synergies are expected in the areas of purchasing power and a broader factory base in China. The acquisition is mainly loan financed.
“We are extremely happy to acquire Flatfield says Hans Ståhl, CEO of NCAB Group. This will establish the combined NCAB Group and Flatfield as the clear number one PCB supplier in the Benelux region, as well as strengthen our position in Germany, by enhancing our ability to offer our customers higher levels of service and technical support. This also gives a valuable add-on to our European segment and more volumes to our factories in China. We have the same strong focus on quality, the same way of doing business and the same customer driven organization”.
Flatfield will be integrated in the European segment and Arjan Sinoo, former Commercial Director of Flatfield has been appointed Managing Director of the new combined Benelux entity.
Arjan Sinoo, new Managing Director at Flatfield/NCAB Benelux explains “This is a great opportunity for all of us. Flatfield, has been privately owned and dominated by a customer-driven culture with a goal to deliver superior performance and value. Being selected by NCAB Group to be a part of their new Benelux team is a great compliment. Joining with NCAB will give us all even more leverage to support our customers. The major benefits with join with NCAB group will come from their extensive factory base in China and increase in resources worldwide. I am looking forward to working for NCAB Group to solidify the transition, continue to grow our business and tackle the most demanding PCB requirements in our industry”.
Share on:
Suggested Items
Global Sourcing Spotlight: The Best Products to Buy Offshore Through Global Sourcing
11/12/2024 | Bob Duke -- Column: Global Sourcing SpotlightIn the evolving global sourcing landscape, the question isn’t just whether to buy offshore, but what to buy offshore. With advancements in manufacturing technologies, logistical efficiencies, and the global integration of supply chains, certain industrial products have become advantageous to source from overseas. Whether you're looking to cut costs, access specialized manufacturing capabilities, or ensure consistent quality, knowing which products offer the most benefits when purchased offshore is crucial. Here are some of the best products to consider beyond domestic borders.
American Made Advocacy: There's No Substitute for American-made Microelectronics
11/04/2024 | Shane Whiteside -- Column: American Made AdvocacyThe COVID pandemic put a spotlight on the fragility of the global supply chain. Disruption has become the new normal. Companies now see that one political decision or other interruption in Asia could bring the electronics industry to its knees. With 90% of the world’s PCBs and almost all IC substrates made in Asia, the current state of the electronics supply chain continues to present significant risk to the U.S. market.
AIM to Present on High Reliability and Highlight NC259FPA Ultrafine No Clean Solder Paste at SMTA South China Expo & Tech Forum
10/18/2024 | AIMAIM Solder, a leading global manufacturer of solder assembly materials for the electronics industry, is pleased to announce its participation in the upcoming SMTA South China Expo & Tech Forum taking place November 6-7 at the Shenzhen World Exhibition & Convention Center in Shenzhen, China.
Global Citizenship: Our Strength Comes From Working Together
09/25/2024 | Tom Yang -- Column: Global CitizenshipLast time, we discussed the similarities between Chinese and American companies, and I am excited to say that we found many. It made me think about ways companies from both countries and cultures can successfully work together when we put aside our differences and combine our resources. So, I did some research and found these examples.
Worldwide Hardcopy Peripherals Shipments Decreased 1.5% Year Over Year in the Second Quarter of 2024
09/20/2024 | IDCWorldwide shipments of hardcopy peripherals declined 1.5% year over year to nearly 19.2 million units in the second quarter of 2024 (2Q24).