ICAPE Group acquieres NTW in Japan
ICAPE Group today announce the signature of a contract for the acquisition of 100% of the capital of the Japanese group NTW, specialized in the distribution of PCB in Asia, Completion of the acquisition is subject to customary suspensive conditions, and is expected to take place on September 19, 2024.
Founded in 2002, the NTW group is a Japanese supplier specialized in PCB, providing high value-added expertise based on a business model similar to that of the ICAPE Group. The group owns 7 subsidiaries located as close as possible to global PCB production centers, namely in Japan, in China and Southeast Asia. Its 40 employees serve a customer base of major Japanese accounts positioned in very diverse industries, ranging from office
automation to communication and infrastructure tools. The NTW group expects to achieve in 2024 an annual revenue of over $20 million.
As a result of this new transaction, the ICAPE Group will acquire a player with proven and recognized expertise in the market, with significant potential for synergies in terms of purchasing and marketing. The Group will also strengthen its leadership across the Asian
region by partnering with a local player, which has developed a portfolio of major Japanese accounts that ICAPE Group did not previously addressed. Access to the ICAPE Group’s global logistics platform will enable NTW to offer new services to its customers, expand its product range and thus increase profitable growth.
Takashi YASUDA, NTW Group’s Founder & CEO, added: “We are very proud to join forces with the ICAPE Group today. As an international player in the distribution of printed circuit boards, the ICAPE Group provides us with a global structure that will enable us to generate important synergies between our two entities. These synergies will benefit our customers, allowing us to expand our product range and offer a wider range of services.”
Yann DUIGOU, ICAPE Group’s CEO, stated: “The acquisition of the Japanese group NTW is significant in several ways. First of all, it ensures us a leading position in the distribution of printed circuit boards in Japan, a mature market and difficult to access for western companies due to cultural specificities. The group’s management will support us in this integration to enable us to deploy all the necessary synergies between our two organizations. This operation also gives us access to major Japanese groups that we did not address so far, while allowing us to integrate new suppliers, located in China and Southeast Asia. The completion of this operation, combined with our recent acquisitions, will enable us to achieve €45 million of additional revenue since 2023, which gives us confidence that we will achieve our external growth target by the end of 2026.”
