PARIS -- An ICAPE Group subsidiary has signed an agreement to acquire 100% of Cebisa France, a printed circuit board supplier based in Lisses.

The transaction will close at the end of February. Founded in 1996, Cebisa France had sales of 2.8 million euros across its 50 customers in Europe last year.

The deal came about after several months of negotiation and planning.

In a statement, ICAPE Group CEO Cyril Calvignac said: "“We are very happy to have signed an agreement with Cebisa France, whose activities will soon be transferred to the teams of ICAPE France. With this new important step, ICAPE Group strengthens its leading position on the French electronic suppliers market. Cebisa France customers will benefit from ICAPE Group's full range of services, and we guarantee them the clearest and smoothest transition possible."

Stéphane Ivetich, CEO of Cebisa France, said ICAPE offers its customers optimal monitoring of their projects and permits them to benefit from all the services of a world-class organization: “In this new industrial era, we owe our customers a good level of performance and quality, which we provide today at CEBISA France. The transition to ICAPE Group of our customers will ensure [our] sustainability and optimization."

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