Cicor Group (SWX: CICN) acquires British contract electronics manufacturer Axis Electronics Ltd. to strengthen one of its core strategic target markets and become a top 5 EMS provider in the European aerospace and defense sector.
Founded in 1995, Axis Electronics is a provider of electronics manufacturing services located in Bedford, UK. With a team of over 180 employees, Axis develops, tests and produces mission critical electronic components, mainly for the aerospace, defence, and communications industries. Axis enjoys a reputation for high-quality products and services and is the preferred manufacturing partner of many of Europe’s market leading companies in the aerospace and defense sector.
The transaction accelerates Cicor’s ambition to continue to grow internationally and increases its manufacturing footprint, in line with its corporate strategy to become one of Europe’s leading contract electronics manufacturers. Integrating the operations of Axis into the Cicor Group significantly strengthens the combined entity’s market position in Europe, benefitting from increased scale, knowledge sharing, improved market access and the ability to realize significantly larger and more complex projects.
Cicor, founded in 1966 and quoted on the SIX Swiss Stock Exchange, is a manufacturer of high-precision printed circuit boards, hybrid substrates, microelectronic assemblies and other electronic components. It provides electronics manufacturing services in the medical, industrial and communications sectors. Cicor has a global manufacturing footprint with approximately 1’900 employees across 10 production sites in Europe and Asia.
Role of Capital Concepts International AG (CCI)
CCI acted as exclusive M&A advisor to Cicor in the preparation, negotiation and execution of the acquisition process.
CCI is an independent corporate finance advisory firm founded in 1999 advising on medium sized ($10-$500m) transactions with a focus on German-speaking Europe.
CCI has an established track record advising well-known privately held and publicly quoted companies as well as entrepreneurs.