ICAPE Group Expands in Southern Europe with TEKUBE
ICAPE Group announces the signing and closing of an agreement with TEKUBE SRL in Northern Italy for the takeover of its printed circuit board (PCB) buying and reselling activities, serving 30 active clients by the end of 2025.
This strategic move reinforces ICAPE’s presence in Southern Europe, one of the Group’s priority markets, and supports its continued focus on profitable growth.
Strengthening a Key Market Position
The transaction, jointly led by ICAPE’s M&A teams and Pascal Lequerre, EVP Southern Europe, includes the acquisition of TEKUBE’s assets, which generated an estimated €2 million in revenue in 2025.
In parallel, ICAPE has recently expanded its regional salesforce with experienced industry professionals, further strengthening its already high-performing local teams.
The acquisition aligns with ICAPE’s objective of achieving €30 million in external growth by 2026. Fully financed with equity, the deal will enable us to generate strong operational, geographic, commercial, and purchasing synergies.
Leadership Perspective
Yann DUIGOU, CEO of ICAPE Group, stated: “We are delighted with this agreement with TEKUBE, which allows ICAPE to further solidify its presence in the Southern European market, a priority market for the Group, and to develop profitable growth there, in line with the roadmap set for our teams.”
Pascal LEQUERRE, EVP Southern Europe of the ICAPE Group, added:
“Our agreement with TEKUBE allows us to better serve our current and new clients by offering them an expanded range of services, with a strengthened team and enhanced skills that will make us even more effective collectively, and also to develop new strategic coverage areas in Veneto.”
Local Expertise, Global Strength
As part of the transition, experienced TEKUBE professionals are joining ICAPE, bringing deep market knowledge and long-standing client relationships.
Nereo GABRIELETTO, Key Account Manager representing ICAPE Group (formerly TEKUBE SRL), shared: “I have been active in the PCB market since 1994… developing a deep understanding of the market and its needs.
… I have always been recognized for my strong problem-solving skills and customer-oriented approach…
Joining Icape Group represents an important opportunity for me to help bring customer service to an even higher level.
… The technical support we are able to provide from the earliest stages of project development helps bridge the gap with customers and turn our relationships into true partnerships.
… There are many opportunities for market growth… and the professionalism and reliability of the service offered by Icape Group will be crucial…
… a cohesive team of highly experienced colleagues… allows us to look to the future with confidence.”
Luca MUNARETTO, Key Account Manager representing ICAPE Group (formerly TEKUBE SRL), added: “I entered the PCB sales industry in 2005… developing strong technical expertise and sales management skills…
… I have built long-term relationships with clients who have appreciated my ability to handle both technical and commercial aspects…
Joining the Icape Group gives me the opportunity to elevate my experience… being part of a global company will allow me to better understand international market dynamics…
… I will be able to explore new markets, gaining increasing opportunities for growth in this sector.”
Driving Future Growth
With this acquisition, ICAPE continues to execute its international expansion strategy while enhancing its ability to deliver high-quality service, technical expertise, and supply chain excellence to customers worldwide.
By combining strong local relationships with global capabilities, the Group is well-positioned to capture new opportunities in an evolving and increasingly complex market.
