NCAB Group AB (publ) (OM : NCAB) signed an agreement to acquire Electronic Advanced Circuits S.L. for SEK 18 million on October 31, 2023. The purchase price is SEK 14 million with a potential earn-out capped at a maximum amount of SEK 4 million. The transaction is estimated to close in November 2023.

The acquisition is expected to be earnings accretive for NCAB Group in 2024. Synergies are expected in the areas of suppliers, payment terms and logistics.