Bates Wells has advised ICAPE Holding on its acquisition of ALR Services Limited, a UK based company specialising in the procurement of printed circuit boards (PCBs).
Founded in 1999, the ICAPE Group acts as a key technological expert in the PCB and technical parts supply chain. With a global network of 39 subsidiaries, the Group is a one-stop-shop provider for the products and services which are essentials for customers. As of December 31, 2023, the ICAPE Group recorded a consolidated revenue of €179.5 million.
Founded in 1995, ALR Services Ltd. is a British company positioned as a reference partner for printed circuit board distribution.
Thanks to this acquisition, the ICAPE Group expands its business in the United Kingdom, one of Europe’s leading PCB distribution markets, while integrating a local structure renowned for its expertise and commitment to continuous improvement. As a result of this merger, ALR Services now has access to an enriched range of services and to the full purchasing power of the ICAPE Group.
The Bates Wells team was led by Nirav Patel and supported by Lucille Moala, Jasmine Sudworth and David Bell.
Nirav Patel, who led the Bates Wells’ Corporate team commented on the acquisition saying:
“ICAPE’s global reach in the PCB market has been strengthened by their acquisition of ALR Services. Their commitment to delivering responsive, sustainable, and strong relationships with local manufacturers aligns with our values here at Bates Wells. It has been a pleasure to have assisted Shora, Cyril, Antoine and the ICAPE team with this transaction.”
Shora Rokni, Chief Strategy Officer of ICAPE Group commented:
“This acquisition marks a significant step in our strategic expansion within the UK market. ALR Services’ strong local presence and expertise complement ICAPE’s global capabilities, allowing us to enhance our service offerings and further strengthen relationships with our UK customers.
It was a pleasure working with the Bates Wells team on this transaction. Their expertise, responsiveness, and dedication made the process seamless, and their guidance was invaluable in navigating the complexities of the deal. We truly appreciate their contribution and look forward to future collaborations.”