AI Terminal
Cicor Technologies Ltd.
M&A Activity • Apr 4, 2025
855_rns_2025-04-04_53d73bc6-ef2f-451b-ba5e-09f561305329.html
M&A Activity
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 4 April 2025 07:00
Cicor expands into Spain – Acquisition of MADES strengthens Cicor’s pan-European leadership in the Aerospace & Defence sector
Cicor Technologies Ltd / Key word(s): Mergers & Acquisitions
Cicor expands into Spain – Acquisition of MADES strengthens Cicor’s pan-European leadership in the Aerospace & Defence sector
04-Apr-2025 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Ad hoc announcement pursuant to Art. 53 LR
Bronschhofen, 4 April 2025 – Cicor Group (SIX Swiss Exchange: CICN) today announces that it has signed an agreement to acquire 100% of the shares of Spanish electronics company Malaga Aerospace, Defense & Electronics Systems S.A.U. (MADES). With this planned acquisition, Cicor continues to build the leading pan-European platform for electronics design and manufacturing services for the fast-growing European defence market. Furthermore, entering Spain expands the addressed market of Cicor in its chosen applications.
MADES, based in Málaga (Spain), employs around 100 people and generated revenues of approximately EUR 29 million in fiscal year 2024. The company focuses on electronic solutions for the aerospace and defence industry, which accounts for well over half of its business. In addition, MADES supplies customers in the industrial and railway sectors. The company’s EBITDA margin is slightly above Cicor Group’s current level.
By entering the Spanish market, Cicor expands its footprint as a leading pan-European provider of development and manufacturing services for high-end electronics. MADES strengthens and expands Cicor’s customer base, particularly in mission-critical applications, and thus ideally complements Cicor’s existing business. MADES will continue to serve its customers with the same dedication and maintain the high level of service and quality that has contributed to the company’s excellent reputation in the market.
Closing of the transaction is subject to regulatory filings and approvals in the relevant jurisdictions and is expected in the second half of 2025. Financing is planned to be provided from existing credit lines.
Contact
Cicor Management AG
Gebenloostrasse 15
CH-9552 Bronschhofen
Media & Investor Relations
Phone +41 71 913 73 00
Email: [email protected]
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 3,450 employees at 21 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: | [email protected] |
| Internet: | www.cicor.com |
| ISIN: | CH0008702190 |
| Valor: | 870219 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 2111448 |
| End of Announcement | EQS News Service |
2111448 04-Apr-2025 CET/CEST