from Cicor Technologies Ltd (isin : CH0008702190)
Cicor is expanding into Sweden and plans to further strengthen its market position in Germany
Cicor Technologies Ltd / Key word(s): Mergers & Acquisitions Ad hoc announcement pursuant to Art. 53 LR Bronschhofen, November 8, 2024 – Cicor Group (SIX Swiss Exchange: CICN) has acquired the Swedish development company Nordic Engineering Partner AB and thus establishes a significant presence in the Nordics. Additionally, Cicor is in advanced negotiations to acquire another German EMS provider. The acquisition of Nordic Engineering Partner (NEP) AB gives Cicor a presence in Sweden, one of Europe's leading markets for advanced electronics in the healthcare technology, industrial and aerospace & defence sectors. The four engineering offices in the Stockholm area offer customised development services and prototype production for complex electronic systems. NEP has an attractive customer base in Cicor's target markets which, together with Cicor's existing customers, provides a strong platform for further growth. Nordic Engineering Partner has 45 employees and generated sales of SEK 52 million with an attractive operating margin in the last financial year ended 30 June 2024. Contact
The Cicor Group is a globally active provider of full-cycle electronic solutions from research and development to manufacturing and supply chain management. Cicor’s approximately 3,350 employees at 20 locations are serving leaders from the medical, industrial and aerospace & defence industries. Cicor creates value to its customers through the combination of customer-specific development solutions, high-tech components, as well as electronic device manufacturing. The shares of Cicor Technologies Ltd. are traded at the SIX Swiss Exchange (CICN). For further information, please visit the website www.cicor.com. End of Inside Information |
Language: | English |
Company: | Cicor Technologies Ltd |
c/o Cicor Management AG, Gebenloostraße 15 | |
9552 Bronschhofen | |
Switzerland | |
Phone: | +41719137300 |
Fax: | +41719137301 |
E-mail: | info@cicor.com |
Internet: | www.cicor.com |
ISIN: | CH0008702190 |
Valor: | 870219 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 2025215 |
End of Announcement | EQS News Service |
2025215 08-Nov-2024 CET/CEST