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NCAB Group has signed an agreement to acquire 100% of the shares in RedBoard Circuits, LLC in the USA. RedBoard Circuits has five employees and is estimated to have a revenue of approximately US$5 million 2021. The acquisition is estimated to be accretive to NCABs earnings per share in 2021.
“We are very happy that RedBoard Circuits becomes part of NCAB Group,” said Martin Magnusson, president of NCAB Group USA. “RedBoard Circuits will contribute to NCAB Group’s objective to take on a leading position in the U.S PCB market. RedBoard Circuits brings additional value to our North American segment with increased ability to offer our customers superior quality and service as well as more volumes to our existing factories. We have the same value-driven organization and the same focus on providing our customers excellent quality and service.”
“Since the company was founded in 2009, RedBoard Circuits has served customers across the United States with high quality PCBs and excellent service. Becoming part of NCAB will give us even more leverage to support our customers,” said Peggy Harris, owner of RedBoard Circuits.