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        have witnessed the growing potential                                      All customers’ goods, whatever their
        of this BRICS country, as well as the                                     volume, will be consolidated and
        increasing need for local support                                         shipped together, taking advantage
        by many customers. South Africa’s                                         of ICAPE Group’s negotiated
        market has good potential business                                        transport rates. We will take care of
        in mining, industrial, lighting, telecom,                                 the shipment, from the factory to
        aerospace and military. Cape Town,                                        the customer inventory, in delivered
        where TraX Group is located, is the                                       duty paid (DDP). All our products are
        tech hub of South Africa. With this                                       controlled twice, by the QC of the
        acquisition, ICAPE Group acquired two                                     factory and by ICAPE Group quality
        new entities: ICAPE - TRAX (formerly                                      inspectors, to ensure the best quality
        TRAX Interconnect, the PCB factory)                                       of the shipped goods.”
        and ICAPE South Africa (formerly TRAX   Daniel Dock
        Offshore Manufacturing, the technical                                     For local customers, the arrival of ICAPE
        trading company). ICAPE – TRAX will   a high standard. We are looking     Group in South Africa will significantly
        serve our customers in prototype,    forward to the next chapter of the   increase the level of services and
        quick turn and small quantity at the   story with ICAPE Group as partners,   range of products they will be able
        start of projects, while ICAPE South   and we are excited to see what a   to benefit from. Daniel Dock from
        Africa will focus on when projects   “combined” future is going to bring,   TraX Group is extremely happy and
        go to mass production. This perfect   with the support of a powerful and   confident: “ICAPE Group will be able
        complementarity will leverage ICAPE   well-organised supply chain that can   to provide us with good technological
        Group expertise and buying power in   leverage good pricing and deliveries   and marketing support, and the days
        factories abroad”                    from offshore manufacturers. We are   of having to “go it alone” will be over.
                                             excited about the investment into the   We hope to one day be able to sell
        For Daniel Dock, MD of the TraX      local manufacturing facility which will   our South African-made PCBs on the
        Group, this opportunity was a chance   cement our position as the leading   ICAPE E-Shop. We are also excited
        that his company could not ignore:   manufacturer in South Africa and Sub-  about diversifying our product offering
        “From humble beginnings, TraX was    Saharan Africa.”                     with the addition of the CIPEM group
        founded in a household garage in                                          of products. In the longer term, we are
        Cape Town due to the founding owner   It’s an important milestone for     also excited about the opportunity of
        requiring PCBs for his personal hobby   ICAPE Group, entering a new era   growing the ICAPE Group brand into
        projects. As word spread around so   in its development by acquiring      neighboring African countries, as this is
        did demand, and a manufacturing      a business unit and a factory, run   the largest potential market for PCBs in
        facility was born in 1991. Since     by 60 employees. The target is to    the years to come.”           n
        competing with the Far East on price   make ICAPE-TraX a real reference
        was not viable, the strategy was to   on the African continent, and this
        reposition TraX for more high-tech   will be possible thanks to massive
        manufacturing and smaller, quick     investments, said Thomas Chea:
        turnaround volumes, a strategy still   “ICAPE Group will invest in production
        pursued to this day.                 equipment, streamline the factory

                                             organisation, and position the factory
        “ICAPE Group is known as a buyer     on its best performance segments.
        and seller of printed circuit boards   ICAPE South Africa will now buy directly
        which focuses on ensuring that       from Asia, mainly China, and leverage
        the quality of its sold products is of   ICAPE Group’s big buying power.




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