Dan’s Biz Bookshelf: ‘Elevate: Push Beyond Your Limits'
The Marketing Minute: The First Step to More Sales—Marketing
It’s Only Common Sense: Customer Service Is Sales in Disguise
Cicor Strengthens Presence in Germany; Acquires Phoenix Mecano Digital Elektronik and Phoenix Mecano Digital Tunisie
November 15, 2022 | Cicor Technologies Ltd.Estimated reading time: 1 minute
The Cicor Group announces the acquisition of 100% of the shares of Phoenix Mecano Digital Elektronik GmbH (PMDE) with sites in Thuringia (Germany) and Phoenix Mecano Digital Tunisie S.a.r.l. located in Borj-Cedria (Tunisia). With this acquisition, the Cicor Group is further expanding its Electronic Manufacturing Services (EMS) business in Europe's largest market for sophisticated electronics.
The sites acquired from Phoenix Mecano AG (SIX Swiss Exchange: PM) have been able to win some of the leading companies in Cicor's target market of medical technology as customers in recent years and expect revenues of more than EUR 30 million in the 2022 financial year. The EBITDA margin is expected to be at a level comparable to that of the Cicor Group. The German sites will be integrated into the organizational unit "Cicor Germany" of the Electronic Manufacturing Services (EMS) Division. The Tunisian site will also become part of the global production network of the EMS Division.
The acquisition will provide PMDE's customers with access to the extensive range of competencies in the areas of development, manufacturing and supply chain management, the global presence and synergies in material procurement. Cicor will benefit from PMDE's location in Tunisia, which is attractive due to its geographic proximity, availability of employees and competitive cost structures.
The closing of the transaction is expected to be completed within the next 2 - 4 months and is subject to customary closing conditions. The transaction will be financed by funds from the issued mandatory convertible bond (MCB
Share on:
Suggested Items
Tata Electronics, Bosch Sign MoU for Strategic Collaboration in Electronics and Semiconductor Manufacturing
07/18/2025 | Tata ElectronicsTata Electronics, a leading player in the Indian electronics and semiconductor manufacturing sector, and Robert Bosch GmbH, a leading global supplier of technology and services, announced that they have signed a Memorandum of Understanding (MoU) to collaborate on several key areas within the electronics and semiconductor industries.
HANZA Accelerates the LYNX Program Through Acquisition of Defense Manufacturer
07/18/2025 | HANZAHANZA AB has signed an agreement to acquire the contract manufacturing division of Milectria, a group of companies focused on the defense sector.
NEOTech’s Agave 1 Facility Earns AS9100 Certification for Commercial Aerospace Manufacturing Excellence
07/17/2025 | NEOTechNEOTech, a premier provider of electronic manufacturing services (EMS), integrated design engineering, and advanced supply chain solutions for the aerospace and defense, medical device, and high-tech industrial markets, proudly announces that its Agave 1 manufacturing facility in Juarez, Mexico has officially received AS9100 certification.
Libra Industries Launches In-House High Precision Underfill Capabilities
07/17/2025 | Libra IndustriesLibra Industries, a leading provider of systems integration and electronics manufacturing services (EMS), is excited to announce the addition of high-precision underfill to its in‑house manufacturing capabilities.
Fraunhofer IPMS, DIVE Optimize Semiconductor Processes with Cutting-Edge Measurement System
07/17/2025 | Fraunhofer IPMSThe Fraunhofer Institute for Photonic Microsystems IPMS, in collaboration with DIVE imaging systems GmbH, has achieved a major milestone in resource-efficient semiconductor manufacturing.