elvia PCB confirms merger with Avi & Peschard and the acquisition of 100% of the shares of the company
Jul 19, 2005
The new group which results from this merger is right at the forefront of the European PCB industry.
The strategy is being implemented and the initial objectives have been determined:
- Merging of the sales teams into a single network, with even more contact with customers both in France and elsewhere in Europe.
- Technological and industrial complementarities, with the segmentation by type of technology to ensure the optimisation of our operations
-- Flexible PCBs, Flex-Rigid PCBs and complex multilayers at Avi & Peschard.
-- Multilayers and "HDI" (microvias, Sequential Build-Up, buried and blind vias) at elvia PCB.
- The R&D efforts are deployed at both facilities
-- Each facility is responsible for the technological development of its own technology segments.
-- The synergy of our two companies reinforces our potential and strengthens the links with our customers, with the provision of technical support at the design stage
-- The prototype is produced at the same facility as the subsequent series
This strategy will enable the harmonious development of both of our companies for the benefit of our customers.
It also provides a long-term guarantee for the partners of the group, as well as its employees, whose hard work and professionalism are vital for our success.
"We intend the industrial rationalisation and planned investments to bring productivity gains from 2006" comments Bruno Cassin, adding that "our sales teams represent the group as a whole, offering the enhanced range of Avi & Peschard and elvia PCB capabilities".
Drawing on the reputation of both companies, the management is convinced that the synergies produced by the merger will bring to the fore the strengths of both companies:
- The high level of service of Avi & Peschard
- The industrial strength of elvia PCB
Bruno Cassin stated that he is entirely satisfied by the developments undertaken over the past months.
Furthermore, the turnover for the first half of 2005 has increased by 15% compared to the same period in 2004, which itself was considered very strong.
"The synergies underway will confirm this trend".