BROMMA, SWEDEN – NCAB Group signed an agreement Nov. 14 to acquire 100% of the shares in Altus PCB for an undisclosed sum.

Based in Cresskill, NJ, Altus PCB had revenue of $4.8 million in 2018.

“We are very happy to join forces with Altus PCB,” said 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.”

“This is a great opportunity for all of us,” said Zohar Shinar, president of Altus PCB. “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.”

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