Since its establishment in 2002, Bordan Electronic Consult has been a dynamic player in the distribution of technical components specializing in low-power connectors to high-power connection solutions, with a focus on the German market. Through robust sourcing partnerships, the company founded by Jörg Bordan, has provided its clients with a wide range of products, with almost 80% being customized to meet specific requirements. In 2022, Bordan Electronic Consult achieved a turnover of 0.9 million euros, accompanied by an impressive gross margin exceeding 35%.
This strategic move by ICAPE Group solidifies its presence in Germany through its CIPEM division, dedicated to the production and distribution of customized technical components. The acquisition further consolidates ICAPE Group’s position as an expert in this crucial market. The long-term partnerships established by Bordan Electronic Consult will enhance the Group’s sourcing capabilities, incorporating suppliers from Germany, Japan, and Taiwan. The integration of this new asset is expected to generate significant purchasing, cost, and commercial synergies in the short and medium term.
Yann Duigou, CEO of ICAPE Group
“We are delighted to be able to integrate Bordan Electronics Consult’s assets into ICAPE Group. This well-known German player in the distribution of custom-made technical parts reinforces our position as a technological expert at the service of our industrial customers. This new operation should also contribute to generate synergies by pooling our respective know-how. The objective of this acquisition, in line with our external growth strategy and our previous operations in this high-stake territory, will be to participate in the improvement of our local subsidiary’s organic growth and profitability.“
Jörg Bordan, founder of Bordan Electronic Consult, welcomed this agreement with high expectations for its customers: Joining forces with ICAPE Group opens up new horizons for us and represents a tremendous opportunity for our customers. ICAPE Group’s reputation as a leader in the electronic industry aligns seamlessly with the values and commitment to excellence that Bordan Electronic Consult has upheld throughout its history. I am confident that, as part of ICAPE Group, we will be able to leverage their extensive resources, global network, and technological expertise to further enhance the services we provide.
Similar to previous acquisitions in Germany, such as HLT in May 2023 and Princitec in September 2023, this operation is conducted by ICAPE Deutschland GmbH, a subsidiary of ICAPE Group, and is entirely financed in cash. The integration of this new asset into the Group’s accounts will be effective from the 27th of November, 2023.
ICAPE Group continues to demonstrate its commitment to strategic expansion and technical expertise, further enhancing its ability to meet the evolving needs of industrial clients in the electronic component distribution sector.