SMT, PCB Electronics Industry News

NCAB Group Acquires Altus PCB

Nov 14, 2019

NCAB Group, one of the world’s largest suppliers of Printed Circuit Boards, with headquarters in Sweden, has on the 14th of November signed an agreement to acquire 100% of the shares in Altus PCB.Altus PCB is based in Cresskill, New Jersey and had a revenue of 4.8 million USD in 2018.


“We are very happy to join forces with Altus PCB,” says Martin Magnusson, President of NCAB Group USA. “NCAB Group USA and Altus PCB share a vision to provide PCBs with quality first in mind, and excellent service and engineering support to our customers. With our combined purchasing power we will have more leverage to continue to provide PCBs to all our customers at the lowest total cost.”


Zohar Shinar at Altus explains “This is a great opportunity for all of us. Altus PCB, is privately owned, and dominated by a customer-driven culture with a goal to deliver superior performance and value. Being selected by NCAB Group to be a part of their North American growth is a great compliment. Joining with NCAB will give us access to their purchasing power, 65-person factory management team in Asia and industry’s best PCB facilities. I am looking forward to working for NCAB Group USA to solidify the transition, continue to grow our business and tackle the most demanding PCB requirements in our industry”.


NCAB Group was represented by McDermott Will & Emery LLP and Altus PCB was represented by ZAG/Sullivan.

For further information, please contact:
Anders Forsèn, CFO NCAB Group +46 (0)8 4030 0051
Martin Magnusson, President NCAB Group USA, +1 603 812 30 57
Gunilla Öhman, Head of Investor Relations, NCAB Group +46 (0)70 763 81 25

About NCAB
NCAB is a worldwide leading supplier of printed circuit boards, listed on NASDAQ Stockholm. NCAB is offering 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 characterized by an entrepreneurial and cost efficient culture and have over time showed strong growth and good profitability. Today, NCAB has local presence in 17 countries in Europe, Asia and North America and customers in approximately 45 countries worldwide. Revenue in 2018 amounted to SEK 1 617 million (186 million USD). Organic growth and acquisitions are part of NCAB’s strategy. For more information about NCAB Group please visit us at www.ncabgroup.com.

Apr 24, 2020 -

NCAB Group Acquires Bare Board Group in the US

Jun 05, 2018 -

NCAB Group Now Listed on Swedish Stock Exchange

Oct 05, 2015 -

NCAB Group Approved for ISO 26000 – Guidance on Social Responsibility

Sep 10, 2015 -

NCAB Group USA Continues Expansion Program

Aug 23, 2015 -

NCAB Group USA Opens a New Division on the West Coast

Apr 30, 2015 -

NCAB Group USA Continues Expansion Plans

Jun 22, 2014 -

NCAB Group USA Expands Its Sales Team

Nov 20, 2013 -

NCAB Group Continues Service Expansion with Rep in OR and CA

Nov 06, 2013 -

NCAB Group USA Announces Strategic Restructure

Oct 31, 2013 -

NCAB Group Hires New Sales Representative

47 more news from NCAB Group USA »

May 24, 2022 -

Electric Stencil Cleaner HJS-9500,high quality aqueous detergent stencil cleaning machine

May 23, 2022 -

Blackfox/Evolution Announce Updated Veteran Advanced Manufacturing Certification Program

May 23, 2022 -

New Yorker Electronics announces release of Inolux Tri-Color Side View LED Series

May 22, 2022 -

Online PCBA Cleaning Machine HJS-7600

May 21, 2022 -

Mis-print PCB Cleaning Machine HJS-3600

May 20, 2022 -

Vitrek Acquires MTI Instruments, Expanding Its Portfolio of Precision Measurement Solutions

May 18, 2022 -

KYZEN to Discuss Precision Metal Cleaners at MECSPE 2022

May 18, 2022 -

Specialty Coating Systems to present Specialized Coatings for Advanced Medical Devices Webinar

May 18, 2022 -

Award-Winning Murray Percival Co. Brings Ersa Rework System to L3Harris

May 18, 2022 -

Complete in-line AOI process control at an affordable price point

See electronics manufacturing industry news »

NCAB Group Acquires Altus PCB news release has been viewed 583 times

Zero returns due to coating issues

Capillary Underfill process