ICAPE to acquire NTW.

ICAPE, a global technology distributor of printed circuit boards and custom-made electromechanical parts, agreed to acquire NTW, a Japanese printed circuit boards distributor. Financial terms were not disclosed. “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,” Yann Duigou, ICAPE Group CEO.