SMT Perspectives and Prospects: Artificial Intelligence, Part 4—Prompt Engineering
The Knowledge Base: My 2025 Industry Wish List
Global Sourcing Spotlight: The Surprising World of Offshore B2B Industrial Values
The ICAPE Group Expands Its Activities in the United Kingdom With the Acquisition of ALR Services Ltd.
December 20, 2024 | BUSINESS WIREEstimated reading time: 1 minute
The ICAPE Group, a global technology distributor of printed circuit boards (PCB) and custom-made electromechanical parts, today announced the acquisition of 100% of the capital of ALR Services Ltd, a British PCB distributor.
Yann DUIGOU, the ICAPE Group’s CEO, stated: “We are delighted to integrate ALR Services, which gives us a footprint in the United Kingdom, a highly competitive market for PCB distribution players. 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.”
Founded in 1995, ALR Services Ltd. is a British company positioned as a reference partner for printed circuit board distribution. With a portfolio of 300 EMS1 and OEM2 customers in the defense and, to a lesser extent, automotive industries, ALR Services Ltd. expects to achieve revenue of £2.5 million in 2024, i.e. over €3 million.
Thanks to this acquisition, the ICAPE Group expands its business in the United Kingdom, one of Europe's leading PCB distribution markets, while integrating a local structure renowned for its expertise and commitment to continuous improvement. As a result of this merger, ALR Services now has access to an enriched range of services and to the full purchasing power of the ICAPE Group.
This acquisition is financed in cash and will be consolidated in the ICAPE Group's accounts from January 1st, 2025.
Share on:
Suggested Items
Variosystems Strengthens Global Engineering Expertise
01/22/2025 | Variosystems AGVariosystems, the globally operating system provider for high-quality electronic solutions, reaches another milestone moment in the company's development. In opening of the global Engineering Service Center in Colombo, Sri Lanka, the company is expanding its engineering expertise to meet the demand for advanced services such as obsolescence management, electronics design and test development.
Imagineering, Accutrace Announce Strategic Merger to Enhance Service and Capabilities
01/17/2025 | Newswire.comImagineering Inc., a renowned PCB Fabricator and Assembler, is pleased to announce its merger with Accutrace Inc., a leader in providing time-critical, technologically advanced development and manufacturing services for the electronics industry.
SK Telecom Launches AI Data Center-based GPUaaS
01/15/2025 | SK TelecomSK Telecom (NYSE: SKM) launched ‘SKT GPU-as-a-Service’ (SKT GPUaaS) today at its AI Data Center (AIDC) in Gasan, Seoul, South Korea. The company has been preparing to launch this on-demand artificial intelligence (AI) cloud service as part of its dedicated AIDC business by investing in Lambda, a global GPU cloud company, to secure stable GPU supplies and expertise.
Electronic System Design Industry Posts $5.1 Billion in Revenue in Q3 2024
01/15/2025 | SEMIElectronic System Design (ESD) industry revenue increased 8.8% to $5,114.5 million in the third quarter of 2024 from the $4,702.4 million registered in the third quarter of 2023, the ESD Alliance, a SEMI Technology Community, announced in its latest Electronic Design Market Data (EDMD) report.
Cicor Chosen as Key Manufacturing Partner For Advanced Military Aircraft Program
01/13/2025 | CicorCicor Group has been nominated by a leading European aerospace & defence (A&D) integrator as a key supplier to a new program of highly advanced electronic devices used in fast-jet aircraft.