Flexible Thinking: The Key to a Successful Flex Circuit Design Transfer
Happy’s Tech Talk #29: Bend-to-Install Semi-flex FR-4
NCAB Acquires Electronic Advanced Circuits S.L. in Spain, Opens New Company in Portugal
October 31, 2023 | NCABEstimated reading time: 1 minute
NCAB Group has signed an agreement to acquire 100% of the shares in Electronic Advanced Circuits S.L. based in Madrid, Spain. The transaction is estimated to close in November 2023.
Electronic Advanced Circuits S.L. expects to reach net sales of SEK 19 million (US$1.7 million) in 2023 with an estimated EBITA margin of about 15%. The company has two employees. The majority of sales is concentrated to the telecom and industrial sectors and sourcing is being made from manufacturing partners in China. The purchase price is SEK 14 million with a potential earn-out capped at a maximum amount of SEK4 million..
NCAB Spain had before this 13 employees and a turnover of 75 MSEK in 2022. The acquisition is expected to be earnings accretive for NCAB Group in 2024. Synergies are expected in the areas of suppliers, payment terms and logistics.
NCAB Group is also establishing a new entity in Portugal, NCAB Group Portugal, and two new employees have been recruited, both with extensive experience from the PCB industry.
Benjamin Klingenberg, VP NCAB Europe, said, “With these two strategic actions, we gain highly skilled and experienced personnel, who will complement our existing capabilities and play a pivotal role in unlocking new growth opportunities and expanding our networks. We are taking steps forward in our expansion plans in Spain and Portugal. The Iberian Peninsula is of growing interest for the electronics market in Europe.“
Share on:
Suggested Items
Ensuring a Strong and Reliable Supply Chain
04/30/2025 | Marcy LaRont, PCB007 MagazineKelly Davidson, vice president of NCAB Group USA, discusses the company's stable performance in 2024 and positive outlook for 2025. She highlights NCAB's strategy of organic growth and strategic acquisitions amidst tariff concerns and global political uncertainty. Kelly emphasizes the importance of supply chain diversification, strong supplier relationships, and customer education, and notes NCAB's focus on defense production and maintaining a reliable supply chain.
Explore Thermal Management Solutions in Latest Podcast Series—New Episode Now Available
04/30/2025 | I-Connect007I-Connect007 is excited to share the latest episode in our new podcast series! In this episode, Ryan returns to discuss practical strategies for managing heat, starting early in the design planning and specification phases. After all, prevention means there’s less to mitigate later.
NCAB Acquires 100% of B&B Leiterplattenservice GmbH in Germany
04/23/2025 | NCABNCAB has signed an agreement to acquire 100 percent of B&B Leiterplattenservice GmbH (B&B) headquartered in Mittweida, west of Dresden. The company had net sales of around 150 MSEK in 2024 within the PCB trading with an EBITA exceeding SEK 20 million.
Marcy’s Musings: Can You Hear the Voices?
04/16/2025 | Marcy LaRont -- Column: Marcy's MusingsTariffs, CapEx spending, the war in Ukraine, and domestic and global economies: I wanted to know what’s on your minds as we launch headlong into Q2 2025. So, this month, I’m highlighting industry voices and how they feel about their businesses, the effects of a new U.S. administration, and where technology is heading.
New Guide Offers In-Depth Look at Thermal Management in PCB Design
04/14/2025 | I-Connect007I-Connect007 is proud to release The Companion Guide to PCB Thermal Management, a must-have resource designed to complement NCAB’s popular podcast series. Created for engineers and PCB designers, this guide offers a comprehensive look at critical thermal management strategies essential for today's high-performance electronics.