Bronschhofen

Cicor has successfully completed the acquisition of TT Electronics IoT Solutions Ltd. and becomes the leading provider of high-end electronics in the UK

Retrieved on: 
Wednesday, April 10, 2024
Bronschhofen, Electron capture, Electronics, SIX Swiss Exchange, Acquisition, TT Electronics, GBP, EMS

Cicor has successfully completed the acquisition of TT Electronics IoT Solutions Ltd. and becomes the leading provider of high-end electronics in the UK

Key Points: 
  • Cicor has successfully completed the acquisition of TT Electronics IoT Solutions Ltd. and becomes the leading provider of high-end electronics in the UK
    Bronschhofen, April 2, 2024 - The Cicor Group (SIX Swiss Exchange: CICN) has successfully completed the acquisition of TT Electronics IoT Solutions Ltd. with three production sites in the UK and China.
  • With this transaction Cicor has taken another step forward in implementing its strategy to become the European leader in electronics manufacturing services for medical technology, industry, aerospace and defence.
  • TT Electronics IoT Solutions Ltd. employs more than 500 people at its sites in Hartlepool and Newport in the UK and Dongguan in China and has a total production area of around 25,000 square meters.
  • The acquired UK production sites provide the much-needed growth reserves for local production.

Cicor and Clayens will collaborate to offer one-stop shop solutions for smart drug delivery devices

Retrieved on: 
Tuesday, October 17, 2023
Partnership, Polymer, Vista Equity Partners, SIX Swiss Exchange, OEP, Health, Electronics, EMS, CDMO, Woods Hole Oceanographic Institution, Bronschhofen

Cicor is one of Europe's fastest growing manufacturers of high-reliability electronics for medical, industrial and aerospace & defence applications headquartered in Boudry, Switzerland.

Key Points: 
  • Cicor is one of Europe's fastest growing manufacturers of high-reliability electronics for medical, industrial and aerospace & defence applications headquartered in Boudry, Switzerland.
  • Clayens is a European leader in the processing of polymers, composites and precision metal parts, headquartered in Genas, France.
  • The joint offering specifically responds to the growing demand for smart drug delivery devices that significantly improve patient care, enable traceability of high value medicine and ultimately reduce healthcare cost.
  • The collaboration of Cicor and Clayens as independent groups is endorsed by One Equity Partners (OEP), a shareholder in both companies.

Cicor continues to grow and doubles its production capacity for high quality electronics in Vietnam

Retrieved on: 
Monday, September 26, 2022
Electronics, RV Atlantis, CHF, SIX Swiss Exchange, Technology, R, Bronschhofen, DACH

As part of its strategy, Cicor has been pursuing organic growth for years, resulting in a robust pipeline of new business.

Key Points: 
  • As part of its strategy, Cicor has been pursuing organic growth for years, resulting in a robust pipeline of new business.
  • To realize above market growth, Cicor is expanding capacity at its Thuan An City (Vietnam) site.
  • For this purpose, the Cicor Group is acquiring an established electronics production facility in the immediate vicinity of the existing Cicor factory and doubling its production space in the Vietnam Singapore Industrial Park 1, near Ho Chi Minh City, to around 14,000 square meters.
  • This will give Cicor the capacity to realize annual sales of more than CHF 400 million including the acquired Axis Electronics (Bedford, UK) and SMT Elektronik (Dresden, Germany).

Cicor Asia move to Singapore-Woodlands reinforces claim to technology leadership and enables further growth

Retrieved on: 
Friday, February 18, 2022
Republic Polytechnic, RV Atlantis, Causeway, Communication, Bronschhofen

Cicor Asia Pte Ltd had been based in the Changi South region of Singapore for the past 20 years.

Key Points: 
  • Cicor Asia Pte Ltd had been based in the Changi South region of Singapore for the past 20 years.
  • The age and structure of the building no longer met the requirements, which is why the wholly owned subsidiary of the Cicor Group moved when the lease expired at the end of February 2022.
  • The occupied premises are located in a newly opened green building with significantly reduced energy consumption.
  • Flexible and open floor plans allow Cicor Asia to optimize communication and workflows.