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NCAB Group has acquired 100% of the shares in sas – electronics GmbH based in Rohrbach, Germany, north of Munich.
Sas – electronics is a family business that serves customers in Germany and Austria and had net sales of about SEK 30 million in 2020. The company is serving customers in the HMLV (High Mix Low Volume) segment, mainly in the industrial and medical sectors, and had an EBITA of SEK 4 million in 2020.
The company has 11 employees, 10 located in Germany and one in Taiwan. The acquisition will be accretive to earnings per share in NCAB Group in 2021. Synergies are expected in the areas of suppliers, payment terms and factory management.
Anders Forsén, CFO of NCAB said, “Sas-electronics is a small but well-managed trader of high-quality PCBs and complements our German business very well. Germany is a large industrial country where we see potential through new skilled employees to grow and add new customers. It is an important component of NCAB’s strategy to actively participate in the consolidation of the market. Sas-electronics will be integrated with NCAB Germany.”
