FONTENAY-AUX-ROSES, FRANCE – ICAPE Group posted first quarter revenue of $54.9 million, a 13% increase from the same period last year.

CEO Yann Duigou credited the growth to continued demand in the US and Asia. “This trend, combined with the activation of our operating levers and the synergies arising from integrations completed, is enabling us to strengthen our position in strategic markets,” Duigou said.

PCB distribution accounted for 82% of revenue, with custom-made electromechanical components making up the remaining 18%.

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