Somacis Group, a Castelfidardo (AN), Italy-based printed circuit board (PCB) manufacturer, received a majority investment of over €100m.
Private equity firm Quadrivio Capital SGR made the investment via its latest fund, which recently held the first close at over €130m.
The company intends to use the funds to continue to expand operations into North American and Asian markets, where it has already set up facilities in California and Dongguan (China), as well as to make strategic acquisitions.
Somacis is a PCB manufacturer supplying HDI, rigid, rigid-flex and flex PCBs for time critical and mass production requirements in aerospatial, medical, and infrastructure (radio and satellite transmissions) industries.
The group has more than 800 employees and production plants in Italy (Somacis SpA), USA (Somacis, Inc., formerly Hallmark Circuits, Inc.) and China (DSG PCB Co., Ltd.).