(AOF) – The Icape group, a global technology distributor of printed circuit boards (PCB), announced the acquisition of the operational assets of Italian distributor PCS and design company Studio E2. In 2022, PCS Srl generated a net annual turnover of more than 700,000 euros. Studio E2 recorded in 2022 a net annual turnover of more than 275,000 euros. These acquisitions are financed 100% in cash.
Yann Duigou, CEO of the Icape group, said: “Although modest compared to our previous acquisitions made in Europe, these operations consolidate our strategic positioning in the PCB value chain while providing us with a new solid point of support. in Lombardy, an Italian region recognized for its economic dynamism. PCS has a customer base made up of around 80 manufacturers representing all sectors of activity that drive this industrial area.
Before adding: “As with each of our acquisitions, we have targeted the potential for synergies between our two entities as an essential selection criterion.”
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Sector sheet – Electronics
Large TVs booming
If specialists expected less appetite for large televisions after the health crisis, this is clearly not the case. The IFA highlighted the development of this equipment, with screens that can reach up to 120 inches. This market segment should see its activity driven by next summer’s Olympic Games. Leader for seventeen years in the television market, Samsung offers the most complete technological range. Large televisions are rather standard products for the Korean giant. As for the Chinese TCL, which took second place in the world market from LG, it is banking on the accessibility of its products, with prices significantly lower than those charged by Samsung. The group achieved growth of nearly 68% between the first half of 2021 and 2022 in the segment over 65 inches. Over one year, the average size of screens marketed by TCL increased from 46.3 to 49.9 inches. Another Chinese player, Hisense, is also seeking to gain market share in this niche.