NCAB Group acquires M-Wave PCB Division
NCAB Group, one of the world’s largest suppliers of Printed Circuit Boards, with headquarters in Sweden, on the 21st of May 2014, has acquired 100% of M-Wave International, LLC’s PCB Division.
Based in Chicago M-Wave is one of the leading PCB suppliers in the USA. The combined NCAB Group with M-Wave’s PCB Division will now have annual sales in excess of 130 million USD with 13 locations around the world and 250 employees, including 70 people located in China.
“This is a great opportunity for all of us. Like M-Wave, NCAB is privately owned, and dominated by a “can do” culture with a drive for superior performance and value. Being selected by NCAB to be a part of their U.S. team is a great compliment. As the PCB supply market continues to evolve, I felt that this was an excellent time for M-Wave to expand its resources. Joining with NCAB will give us even more leverage to support our customers’ requirements. The major benefits for our customers will come from our increased buying power and resources. In NCAB, we have found a great match. I’ll be staying on with NCAB as their Managing Director and look forward to growing our business with them”, says Bob Duke, former President of M-Wave International’s PCB Division.
“The USA is a huge market, bigger than Europe and very much quality driven. So, I´m extremely happy for this acquisition as the next major step in NCAB’s effort to expand their ever growing presence in the US market. M-Wave has same business concept and customer driven organization with the same way of thinking regarding quality, the foundation of all PCB production.” said Hans Stahl CEO at NCAB Group.
Founded in 1993 in Sweden, NCAB quickly became a leading PCB supplier in Europe and has experienced growth every year. Today, NCAB Group is established in; Sweden, Norway, Finland, Denmark, Russia, Germany, Poland, United Kingdom, Spain, France, Macedonia, China and the USA.
For more information about NCAB Group please visit us at www.ncabgroup.com.
Download the full press release here.
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