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NCAB Group has acquired 100% of the shares in sas – electronics GmbH based in Rohrbach, Germany, north of Munich.
Sas – electronics is a family business that serves customers in Germany and Austria and had net sales of about SEK 30 million in 2020. The company is serving customers in the HMLV (High Mix Low Volume) segment, mainly in the industrial and medical sectors, and had an EBITA of SEK 4 million in 2020.
The company has 11 employees, 10 located in Germany and one in Taiwan. The acquisition will be accretive to earnings per share in NCAB Group in 2021. Synergies are expected in the areas of suppliers, payment terms and factory management.
Anders Forsén, CFO of NCAB said, “Sas-electronics is a small but well-managed trader of high-quality PCBs and complements our German business very well. Germany is a large industrial country where we see potential through new skilled employees to grow and add new customers. It is an important component of NCAB’s strategy to actively participate in the consolidation of the market. Sas-electronics will be integrated with NCAB Germany.”
Andy Shaughnessy, I-Connect007
There was some good news this week, as Republicans and Democrats managed to cooperate long enough to pass the CHIPS Act. Members of the House and Senate don’t usually act until they get worried about being voted out of office, so pardon me if I’m not ready to sing “Happy Days Are Here Again” just yet. But this is still really good news; the politicians are on the record now, and we can hold them accountable.
Pete Starkey, I-Connect007
With his knowledgeable insight into the business and technology of the printed circuit industry, Dr. Shiuh-Kao Chiang, managing partner at Prismark Partners, has put a global perspective on the challenges of the 2022 PCB market. His presentation at the EIPC Summer Conference in Orebro, Sweden, on June 14 was eagerly awaited by an attentive audience, keen to share his vision. From his comments, it was clear that 2022 will be an interesting year and does not appear particularly friendly for the PCB business.
Nolan Johnson, I-Connect007
The Top 5 list this week contains industry analysis from IPC’s Shawn DuBravac, news on the passage of the U.S. “CHIPS Plus” bill, new materials from Ventec, news about a fab for sale, and a chemistry company completing their acquisition, plus a brand new book in the I-Connect007 eBooks series.