-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueSupply Chain Strategies
A successful brand is built on strong customer relationships—anchored by a well-orchestrated supply chain at its core. This month, we look at how managing your supply chain directly influences customer perception.
What's Your Sweet Spot?
Are you in a niche that’s growing or shrinking? Is it time to reassess and refocus? We spotlight companies thriving by redefining or reinforcing their niche. What are their insights?
Moving Forward With Confidence
In this issue, we focus on sales and quoting, workforce training, new IPC leadership in the U.S. and Canada, the effects of tariffs, CFX standards, and much more—all designed to provide perspective as you move through the cloud bank of today's shifting economic market.
- Articles
- Columns
- Links
- Media kit
||| MENU - smt007 Magazine
The ICAPE Group Announces a 13% Growth in Revenue to €51.1M for Q1 2025
May 15, 2025 | ICAPE GroupEstimated reading time: 2 minutes
The ICAPE Group, a global technology distributor of printed circuit boards (PCB) and custom-made electromechanical parts, announced its sales for the first quarter of 2025.
Yann DUIGOU, the ICAPE Group’s CEO, stated: "The business momentum initiated at the end of 2024 has continued into the first quarter 2025, driven by growing demand in the United States and Asia. Revenue increased by 13% as of March 31, 2025, while the backlog rose by 19% compared to last year. A strong momentum, which is also reflected in organic growth, with a +5.2% increase between this quarter and the last one of the 2024 fiscal year. This trend, combined with the activation of our operating levers and the synergies arising from integrations completed, is enabling us to strengthen our position in strategic markets. The beginning of the year was also marked by the acquisition of Kingfisher PCB in the United Kingdom, building on our previous acquisition of ALR Services. As a result, we now have a strong and efficient Business Unit in the region, supported by a dedicated sales team. On the strength of these achievements, we are looking ahead to the next months with confidence and reaffirm our growth and profitability targets for 2026."
In the first quarter of 2025, the Group’s revenue came to €51.1 million, up 13.0% compared to the first quarter of 2024 and 8.1% quarter-on-quarter. The ICAPE business, dedicated to the distribution of PCB, accounts for 82% of revenue, while the CIPEM activity, dedicated to the distribution of custom-made electromechanical parts, represents approximately 18%. At the end of March 2025, the ICAPE Group recorded an order backlog of €52.1 million, confirming the upturn in business observed at the end of 2024.
Pursuing the acquisition strategy and reaffirming 2026 targets
Over the coming months, the ICAPE Group intends to pursue its external growth policy by targeting companies with synergies that could drive significant post-integration organic growth. To date, the Group is in discussions with 12 international targets, representing a potential additional revenue of approximately €105 million.
On February 13, 2025, the ICAPE Group completed the acquisition of Kingfisher PCB, a British PCB distributor addressing a wide range of industries, including aerospace, telecommunications, automotive and the energy industry. This operation is part of a strategy to structure the Group's offer in the UK, initiated with the opening of a local office, targeted recruitment and the integration of ALR Services. This has enabled Groupe ICAPE to establish a dedicated Business Unit in one of Europe's key markets.
Leveraging its positioning across the entire printed circuit board value chain, an offensive external growth strategy and a streamlined organizational structure, the ICAPE Group reaffirms all its indicators for 2026, including: an average annual organic growth rate of 10% between 2023 and 2026; around €120 million in additional revenue from external growth between the start of 2023 and the end of 2026; an EBIT margin of around 9.5% by 2026.
Testimonial
"Advertising in PCB007 Magazine has been a great way to showcase our bare board testers to the right audience. The I-Connect007 team makes the process smooth and professional. We’re proud to be featured in such a trusted publication."
Klaus Koziol - atgSuggested Items
Indium Corporation Introduces New Flip-Chip Flux for Semiconductor Devices
07/31/2025 | Indium CorporationIndium Corporation, a leading materials refiner, smelter, manufacturer, and supplier, today announced the global availability of WS-910 Flip-Chip Flux, a new water-soluble flip-chip dipping flux designed to meet the demands of cutting-edge semiconductor devices.
FlashPCB Enhances SMT Production Line with Heller 1809 Reflow Oven and KIC ProBot
07/31/2025 | FlashPCBFlashPCB, a leading provider of quick-turn PCB assembly, has expanded its surface mount production capabilities with the installation of a Heller 1809 MKII reflow oven paired with the KIC ProBot automatic profiling system. This addition supports FlashPCB’s goal of achieving faster throughput, higher quality assurance, and consistent process control across a wide range of PCB builds.
KOKI to Showcase Analytical Services and New HF1200 Solder Paste at SMTA Guadalajara 2025
07/31/2025 | KOKIKOKI, a global leader in advanced soldering materials and process optimization services, will exhibit at the SMTA Guadalajara Expo & Tech Forum, taking place September 17 & 18, 2025 at Expo Guadalajara, Salón Jalisco Halls D & E in Guadalajara, Mexico.
Federal Electronics Mexico Boosts Speed and Flexibility with New Mycronic A40DX Pick-and-Place
07/23/2025 | Federal ElectronicsFederal Electronics, a leader in providing advanced electronic manufacturing services, has announced a major upgrade at its Hermosillo, Mexico facility with the installation of a Mycronic MYPro A40DX Pick-and-Place system, advancing its surface mount assembly capabilities for high-reliability electronics manufacturing.
DuPont Publishes 2025 Sustainability Report
07/22/2025 | PRNewswireDuPont published its 2025 Sustainability Report detailing the progress made toward achieving its 2030 Sustainability Goals.