The Icape Group announced today that it has acquired 100% of the capital of Princitec, a high value-added supplier of printed circuit boards.

Located near Düsseldorf, Princitec has been providing all technical, sourcing and quality services related to printed circuit board distribution since 2004. In 2022, the company generated sales of 6.5 million euros and a gross margin of around 25.5%.

According to Icape, this operation will enable it to unlock significant synergy potential, while continuing to diversify its sourcing.

Princitec has all the necessary assets to generate incremental organic growth following its integration into our Group", commented Group CEO Yann Duigou.



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