Cicor Technologies Ltd / Key word(s): Mergers & Acquisitions
Bronschhofen, November 11, 2021 - Cicor Group (SIX Swiss Exchange: CICN) today announces the acquisition of 100% of the shares of the UK-based Axis Electronics Ltd. (Axis). With this first acquisition within the recently announced growth strategy, Cicor strengthens its position in the strategic target markets and expands its European footprint with a site in the UK.
Founded originally as part of a leading international electronics company, Axis was established in 1995 as an independent, UK-based provider of electronic manufacturing services with a unique combination of service and technological capabilities. Axis has significantly evolved over the years and is today trusted by many market-leading European companies, particularly in the aerospace and defence sectors, as their preferred manufacturing partner.
Cicor Management AG
The Cicor Group is a globally active development and manufacturing partner with innovative technology solutions for the electronics industry. With about 2000 employees at ten production sites, Cicor offers highly complex printed circuit boards, hybrid circuits and printed electronics as well as comprehensive electronic manufacturing services (EMS) including microelectronic assembly and plastic injection molding. Cicor sup-plies customized products and services from design to the finished product from one source. The shares of Cicor Technologies Ltd. are listed on the SIX Swiss Exchange (CICN). For further information please visit the website www.cicor.com.
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Cicor Technologies Ltd
c/o Cicor Management AG, Gebenloostraße 15
SIX Swiss Exchange
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