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Tikehau Ace Capital, a private equity firm specialised in strategic industries and technologies finalized the acquisition of 100% of the capital of ELVIA PCB, a specialized manufacturer of electronic printed circuits boards (PCB) for demanding markets.
This new chapter for ELVIA PCB will focus on the ongoing operational improvement in order to better support its customers in the ramp–up of the strategic programs that the group is accompanying in the long term. Moreover, ELVIA PCB, thanks to its expertise and size, constitutes a natural consolidation platform within its sector and intends to contribute to the emergence of a European reference player.
Alain Dietsch, appointed CEO, joined ELVIA PCB as part of this operation after more than twenty years of experience in the electronics and defense sector. Bruno Cassin, who has successfully managed the group for almost thirty years, will leave his operational functions to join the Supervisory Board of ELVIA PCB chaired by Stéphane Mayer, in order to support this transition and to bring his significant experience of the PCB market.
“I am very pleased to take over the management of ELVIA PCB from Bruno Cassin, who brought the company to a leading position. ELVIA PCB’s teams have unique skills, which, coupled with a specialized and high–capacity industrial tool, allow ELVIA PCB to offer its customers specialized and differentiated products operating in tough environments. I bring my experience of multi–market and multi–site management in France and abroad with the objective of strengthening the company’s presence with our clients and developing new ones, particularly on the export market, by combining the technical differentiation of products with operational excellence for our customers. “says Alain Dietsch, CEO of ELVIA PCB.