Manufacturing / Production Technology, Hardware & Services


PCB supplier NCAB acquires Elmatica

24 November 2021 Manufacturing / Production Technology, Hardware & Services

The China-headquartered PCB (printed circuit board) supplier NCAB has acquired 100% of the shares in the Norwegian company Elmatica for SEK 315 million (the equivalent of around R560 million).

Elmatica, which started operations in 1971 and is one of the oldest PCB trading companies in the world, is headquartered in Oslo and has subsidiaries in Sweden, Denmark, Germany, Hong Kong and China with a total of 45 employees. Customers are located all over Europe and Elmatica is expected to have net sales of approximately SEK 370 million in 2021.

The acquisition is expected to result in an increase in NCAB’s earnings per share in 2022 and to produce synergies through improved purchasing power and through Elmatica gaining access to NCAB’s factory management in Asia and a broader base of factories. The acquisition is financed with NCAB’s own cash as well as loans.

“We are very pleased to have acquired Elmatica,” said Peter Kruk, president and CEO of NCAB. It is one of the larger companies in our field and operates just like NCAB in the HMLV (high-mix low-volume) segment. Elmatica has a very good reputation in the marketplace for its great know-how and high quality. It will constitute a valuable addition to both our Nordic and Europe segments and will strengthen our purchasing power with the leading factories. We both have the same focus on high quality and our business models and cultures fit well together.”

Elmatica will initially be part of segment Nordic and Elmatica’s current CEO Didrik Bech will continue in his role as CEO of NCAB Group Elmatica. “In NCAB, we will get a strategic owner with a global customer base and together we can further broaden the product portfolio that we offer our customers. Both companies are based on similar Scandinavian values with a particular focus on high quality for advanced products and high customer satisfaction. The integration of our global manufacturing network, highly qualified colleagues and advanced IT systems will further secure the role of a global player in the PCB industry. I look forward to joining the NCAB Group to secure integration and to expand and ensure the supply chain for our customers who are leaders in their industries,” Bech commented.




Share this article:
Share via emailShare via LinkedInPrint this page

Further reading:

Revolutionising clean air in electronics manufacturing
Allan McKinnon & Associates Manufacturing / Production Technology, Hardware & Services
Designed to prioritise clean air in the electronics manufacturing industry, the ZeroSmog Shield Pro sets a new standard for workplace health and safety.

Read more...
High-speed multi-function dispensing
Techmet Manufacturing / Production Technology, Hardware & Services
The D-VIS and DL-VIS from GKG SMT printer specialists are high-speed dispensing systems that can handle multiple scenarios.

Read more...
Optical inspection for SMT
Techmet Manufacturing / Production Technology, Hardware & Services
The Xpection 1860 from Scienscope is a versatile X-ray inspection machine that offers comprehensive circuit board defect detection and quality assurance for the SMT industry.

Read more...
Yamaha introduces upgrades to its 3D AOI systems
Truth Electronic Manufacturing Manufacturing / Production Technology, Hardware & Services
Yamaha Robotics SMT section has revealed performance-boosting upgrades for the YRi-V 3D AOI system, including faster board handling, multi-component alignment checking, and enhanced LED coplanarity measurement.

Read more...
Flexible printed electronics substrates
Manufacturing / Production Technology, Hardware & Services
New LEXAN CXT film from SABIC offers high thermal process stability and transparency for demanding printed electronics substrates.

Read more...
Lead-free solder paste
Techmet Manufacturing / Production Technology, Hardware & Services
Indium8.9HF is an air reflow, no-clean solder paste specifically formulated to accommodate the higher processing temperatures required by SnAgCu, SnAg, and other alloys.

Read more...
Analog Devices and Mouser collaborate on eBook
Manufacturing / Production Technology, Hardware & Services
Mouser has released a new eBook in collaboration with Analog Devices, that offers a detailed analysis of the technologies being used to support sustainable manufacturing practices.

Read more...
Improved precision laser marking
RS South Africa Manufacturing / Production Technology, Hardware & Services
On-the-fly marking at high speeds is only one of the comprehensive features of Panasonic’s new LP-RH laser marker series.

Read more...
Optimising AOI performance
Rugged Interconnect Technologies Manufacturing / Production Technology, Hardware & Services
Optimising AOI performance is now a reality with the highly integrated ADLINK MVP-6200, combined with Intel Arc GPUs.

Read more...
High-mix SMT solution from Panasonic
Techmet Manufacturing / Production Technology, Hardware & Services
Only one machine is required to get production started, and adding more units and/or technologies as demand changes is easy to accomplish.

Read more...