Icape Holding, a technology distributor of printed circuit boards (PCBs), has acquired MON PRINT, a PCB solutions provider in Denmark, for €0.7 million.

Established in 1965, MON PRINT caters to customers in the medical, industrial, telecommunications, and commercial markets.

Last year, the Danish PCB solutions provider registered annual net sales of DKK 9.4 million.

It is expected to benefit from the full platform of ICAPE Group, including sourcing, buying, laboratory, quality, and customer service along with the latter’s network of 75 partner factories located mainly in China. MON PRINT can now provide more services to its customers, boost its volumes, and thus raise its profitable growth, said Icape Group.

According to Icape Group, MON PRINT will be named ICAPE DENMARK and will be integrated as its subsidiary.

Cyril Calvignac — ICAPE Group CEO said: “We are thrilled to welcome within our Group such a renowned player in Denmark and Northern Europe, strengthening our position in this region. This acquisition is in line with our ambitious external growth strategy, as announced during our IPO, in order to consolidate our global leadership in the PCB distribution through now 29 subsidiaries worldwide.

“This strategic operation enables us to offer a close proximity to our industrial customers by joining forces with a local player, guaranteeing a high quality of service.”

  China, Cyril Calvignac, Denmark, Icape Group, Icape Holding, MON PRINT, printed circuit boards