DONGGUAN, CHINA – ICAPE Group received €125 million (US$148.1 million) in revenues in 2020 and expects 30% growth in 2021.

"From April of 2020, we put in place five strategic plans in different areas, completely revamped our business methods, reworked our logistics,” said Thierry Ballenghien, founder and chairman, ICAPE. “We have also implemented a strategic development plan in E-business, which has turned out to be a very smart move. Moreover, we have anticipated many M&A projects to strengthen the company's advantages. All above actions will lead ICAPE Group into the next phase of growth. We see the future with growth of around 30% per year for the next five years, thanks to our effective action plan toward facing the global crisis."

ICAPE Group kept its level of services through the pandemic, leveraging service offices located in China, close to 75 factory partners, with 250 employees.

ICAPE supplies printed circuit boards and custom-made technical parts, with 28 million electronics pieces delivered each month to 3,000 customers in 70 countries.