Trouble in Your Tank: Causes of Plating Voids, Pre-electroless Copper
Dan’s Biz Bookshelf: ‘Growth Hacker Marketing’
Happy’s Tech Talk #38: Novel Metallization for UHDI
Cicor Successfully Closes Acquisition of Axis Electronics
December 1, 2021 | Cicor Technologies Ltd.Estimated reading time: 1 minute
Cicor Group announces that the acquisition of 100% of the shares of the UK-based Axis Electronics Ltd. (Axis) has been successfully closed.
Cicor will integrate Axis into the global engineering and manufacturing network of the Electronic Solutions Division and thereby further strengthen Axis' advantages. This will increase Cicor's market share in the UK and across Europe. The acquisition will increase Cicor Group's sales by approximately 15% on an annualized basis and result in a sustainable increase in EBITDA margin already starting in 2022. In the actual financial year 2021, the acquisition of Axis will contribute approximately CHF 2 to 3 million to Cicor’s annual sales.
With the acquisition of Axis, Cicor Group strengthens one of its strategic target markets and becomes one of the top 5 EMS providers in the aerospace and defence sector in Europe. The continuity for the long-standing blue-chip customer base will be ensured by the continued operation of the Bedford site and the inclusion of all 180 employees.
In direct relation to the acquisition of Axis, Cicor carried out a capital increase from authorized capital on November 30, 2021. The newly issued 167,450 shares with a nominal value of CHF 10 each are part of the financing of the purchase price. As a result of the capital increase, Cicor's share capital increases from currently CHF 29,020,920 by CHF 1,674,500 to CHF 30,695,420.
Share on:
Suggested Items
'Chill Out' with TopLine’s President Martin Hart to Discuss Cold Electronics at SPWG 2025
05/02/2025 | TopLineBraided Solder Columns can withstand the rigors of deep space cold and cryogenic environments, and represent a robust new solution to challenges facing next generation large packages in electronics assembly.
Kitron: Q1 2025 - Strong Start to the Year
04/25/2025 | KitronKitron reported first-quarter results characterised by continued momentum in the Defence & Aerospace market sector and a growing order backlog.
RTX's Collins Aerospace Enhances Capabilities to Speed Marine Corps Decision-making in Battle
04/22/2025 | RTXCollins Aerospace, an RTX business, successfully demonstrated new technology that helps the military gather and use information from a wider range of sources at Project Convergence Capstone 5, a large-scale military exercise.
AdvancedPCB Appoints Gary Stoffer as Chief Commercial Officer
04/18/2025 | PRNewswireAdvancedPCB is proud to announce the appointment of Gary Stoffer as its new Chief Commercial Officer (CCO). In this role, Stoffer will lead all sales, marketing, and commercial strategy initiatives as the company continues its mission to deliver cutting-edge PCB solutions to industries worldwide.
Real Time with... IPC APEX EXPO 2025: GreenSource's Growth and Future Developments
04/15/2025 | Real Time with...IPC APEX EXPOThings are looking bright for GreenSource. Michael Gleason shares an update on GreenSource's recent growth and upcoming changes. A recipient of a Defense Production Act Investment Program award, GreenSource is planning for new substrate capabilities. Current investments continue to enhance equipment and sustainability initiatives such as water quality. And their unique collaboration with the University of New Hampshire continues to aid their workforce development, despite recruitment challenges.