Elmatica started operations in 1971 and is one of the oldest printed circuit board ("PCB") trading companies in the world. Recognized as a renowned player being in the forefront of industry developments as a member in several industry associations developing standards for the future

Headquartered in Norway, Elmatica act as a partner to industry leading electronic original equipment manufacturers (OEM) in the entire purchasing process including consulting, design, material selection, manufacturing selection, production monitoring, logistics and claims handling

After several years of strong growth, the shareholders wanted to explore a sale of the company and appointed Bryan, Garnier & Co as financial advisor

NCAB Group recognized the strategic value of Elmatica's brand, operational capabilities and industry knowledge

The purchase price for Elmatica amounts to SEK 315 million with a possible added earn-out price based on the results in 2021

With this acquisition, NCAB will broaden its product portfolio, increase its ability to serve leading electronics OEMs and strengthen its purchasing power with leading factories

About NCAB Group AB

NCAB is a worldwide leading supplier of printed circuit boards, listed on NASDAQ Stockholm. NCAB offers PCBs for demanding customers, on time with zero defects, produced sustainably at the lowest total cost. NCAB was founded in 1993. Since its foundation, the operations have been characterised by an entrepreneurial and cost-efficient culture and have showed strong growth and good profitability over time. Today, NCAB has a local presence in 16 countries in Europe, Asia and North America and customers in approximately 45 countries worldwide. Net sales in 2020 amounted to SEK 2,115 million. Organic growth and acquisitions are part of NCAB’s strategy.

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About Elmatica AS

Elmatica was established in 1971 and is the most experienced broker of PCB in the world. Headquartered in Oslo, Norway, with subsidiaries in Sweden, Denmark, Germany, Hong Kong and China. Delivering to 5 continents and 39 countries with over 10 000 orders per year, to both small family businesses and companies listed on the stock exchange. Elmatica is a partner in the entire purchasing process assisting industry leading electronic original equipment manufacturers (OEM) with consulting, design, material selection, manufacturing selection, production monitoring, logistics and claims handling. With over 45 years’ experience in the industry, Elmatica has a unique understanding of the market by procuring on four continents and delivering to five. Elmatica is honored by leading several new independent standards in the industry, with organizations like IPC and iNEMI. Elmatica is expected to have Net sales of approximately SEK 370 million in 2021, with an EBITA result of approximately SEK 45 million.

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Ståle Schmidt

Investment Banking

Ståle Schmidt photo

Trygve Ugelstad

Investment Banking

Trygve Ugelstad photo

Emil S. Tønsberg

Investment Banking

Emil S. Tønsberg photo

Deal Team

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