Eurocircuits partners with Avedon Capital Partners to accelerate the next phase of growth in PCB and PCBA prototyping
Eurocircuits (the “Company”) is the European reference manufacturer of printed circuit boards (PCB) and printed circuit board assemblies (PCBA), specialising in prototyping and low-volume production for professional electronics. Founded in 1991, Eurocircuits has grown over more than three decades into a trusted partner for engineers and product teams who require fast, reliable and right-first-time manufacturing.
Today, Eurocircuits announces a strategic partnership with Avedon Capital Partners (“Avedon”), a growth-focused private equity investor active in the Benelux and DACH regions. The partnership will support Eurocircuits in accelerating its next phase of growth while preserving its entrepreneurial culture, digital-first approach and engineering-driven DNA.
European established niche leader with a digital-first operating model
Eurocircuits operates at the heart of the electronics innovation cycle, supporting customers from design validation through manufacturing and assembly. The Company serves more than 15,000 active customers across Europe and India, ranging from start-ups and scale-ups to established OEMs and EMS companies. Eurocircuits plays a critical role in new product introduction (NPI), where speed, predictability and technical correctness are essential.
The Company employs over 750 people across its operations and engineering teams, with production facilities in Germany, Hungary and India, and additional engineering and customer support activities across several European countries. In India, the Company operates under the PCB Power brand, extending its digital manufacturing model to the local engineering ecosystem.
A defining feature of Eurocircuits is its highly integrated, digital-first business model. Customers interact with the Company primarily through online platforms that combine design rule checking, manufacturability verification, pricing, ordering and tracking into a single workflow. This virtual manufacturing approach enables engineers to detect and resolve issues early in the design phase, significantly reducing iteration cycles and ensuring consistent right-first-time production.
Focused on prototypes and low-volume production
Eurocircuits is purpose-built for prototyping and low-volume production, a niche in which traditional volume-driven manufacturing models often fall short. The Company combines streamlined, flexible manufacturing processes with deep engineering expertise, enabling fast lead times without compromising quality or reliability.
This positioning makes Eurocircuits a trusted partner for highly demanding customers across Europe and India. By deliberately focusing on low-volume, high-mix production, the Company complements rather than competes with volume EMS providers.
Partnership to support long-term growth
Avedon will support Eurocircuits in further strengthening its market position, scaling its digital and technological capabilities including the targeted application of AI across the organisation, and continuing to invest in people, systems and processes. The partnership is intended to provide strategic and financial backing for sustainable, long-term growth, while allowing the founders and management team to remain closely involved in steering the Company.
Dirk Stans, Luc Smets and Paresh Vasani, founders of the Eurocircuits Group, commented:
“In Avedon we have found a partner who understands what makes Eurocircuits different and why that matters to our customers. We share a long-term vision focused on engineering excellence, digital innovation and reliability. This partnership enables us to invest further in our platforms, our people and our manufacturing capabilities, while staying true to the values and culture on which Eurocircuits was built.”
Emily Jeffries-Boezeman, Partner at Avedon Capital Partners, added:
“Eurocircuits is a clear niche leader with a highly differentiated proposition. The Company’s digital-first model designed around customer needs, entrepreneurial energy, and deep engineering edge make it exceptionally well positioned in the PCB and PCBA prototyping market. We look forward to working closely with the founders and management team to support the next stage of growth, building on the strengths that have driven Eurocircuits’ success for more than thirty years.”
The transaction is expected to close by the second quarter of 2026, subject to customary closing conditions and regulatory approvals. Level Next acted as sell-side advisor to the shareholders of Eurocircuits.
About Eurocircuits
Eurocircuits is a European specialist in PCB and PCBA prototyping and low-volume production manufacturing. The Company supports engineers throughout the product development cycle with digitally integrated tools for design verification, pricing and manufacturing. Known for speed, reliability and right-first-time production, Eurocircuits serves a broad customer base across Europe and India from its production facilities in Germany, Hungary and India.
More info – https://www.eurocircuits.com/
About Avedon Capital Partners
Avedon Capital Partners is a private equity firm based in Amsterdam and Düsseldorf. Avedon partners with ambitious entrepreneurs and management teams in the Benelux and DACH regions to accelerate organic growth, international expansion and buy-and-build strategies, with a focus on long-term value creation.
More info – https://avedoncapital.com/
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