ICAPE Group expands its activities in the UK with the acquisition of ALR Services LTD.
The ICAPE Group a global technology distributor of printed circuit boards and custom-made electromechanical parts, today announced the acquisition of 100% of the capital of ALR Services Ltd, a British PCB distributor.
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.
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.”
Albert Van Der Wijk, EVP North Europe Stated : “Our expansion efforts in the UK are still in their early stages, but we have already made significant progress following the appointment of our Commercial Director, Justin Olejnik.
Over the past year, we’ve been fortunate to attract the interest and business of several UK companies. Building on this momentum, our investment in ALR and its experienced team underscores our steadfast, long-term commitment to the entire UK market.”
