Dan's Biz Bookshelf: 'Revenge of the Tipping Point'
Marcy's Musings: Engineering Economics
Punching Out: Should You Sell Your Company to a Private Equity Firm?
Cicor Successfully Closes the Acquisition of STS Defence Limited
January 24, 2024 | Cicor Technologies Ltd.Estimated reading time: 1 minute
The Cicor Group has successfully closed the acquisition of 100% of the shares of the UK based STS Defence Limited (STS Defence) announced in October 2023.
Cicor is one of Europe's fastest growing manufacturers of high-reliability electronics for medical, industrial and aerospace & defence applications. With STS Defence, Cicor has acquired an industry-leading provider of sustainment, support and modernization solutions for mission-critical electronics and communications systems in the aerospace & defence sector. STS Defence has earned an outstanding decades-long reputation for solving complex technical challenges. The UK-based company is recognized as a specialist in the design, manufacture and assembly of equipment and systems, as well as their integration and maintenance throughout the life cycle. STS Defence employs around 150 people in the south of the UK.
With Cicor, the management of STS Defence has found a partner to continue the successful growth of recent years in the UK aerospace and defence market. By combining the strengths of Axis Electronics, which was acquired in 2021, and STS Defence, Cicor is ideally positioned to implement the most demanding customer programs for its predominantly British customers.
Cicor is committed to continue providing superior engineering support and manufacturing services from the existing STS Defence site under the current management team. The continued operation and the integration of STS Defence employees into the Cicor Group will ensure continuity for the long-standing customer base. STS Defence generated sales of GBP 27.5 million in the fiscal year ending on June 30, 2023 with strong operating margins.
Share on:
Suggested Items
Tata Advanced Systems and Airbus Inaugurate C295 Final Assembly Line in Vadodara, India
10/30/2024 | AirbusAs a major milestone for India’s Aerospace & Defence industry, Tata Advanced Systems Limited (TASL) and Airbus inaugurated the Final Assembly Line (FAL) complex for the Airbus C295 aircraft in Vadodara, Gujarat in India.
Tata Advanced Systems, Airbus Inaugurate C295 Final Assembly Line in Vadodara, India
10/28/2024 | AirbusAs a major milestone for India’s Aerospace & Defence industry, Tata Advanced Systems Limited (TASL) and Airbus inaugurated the Final Assembly Line (FAL) complex for the Airbus C295 aircraft in Vadodara, Gujarat in India.
Lockheed Martin Skunk Works, the Royal Netherlands Aerospace Centre (NLR) Announce Strategic Collaboration
10/21/2024 | Lockheed MartinSkunk Works®, the renowned advanced development organization within Lockheed Martin Corporation and the Royal Netherlands Aerospace Centre (NLR), a premier knowledge institute and connecting link among science, industry, and government in the Netherlands, announced a strategic collaboration to advance mutual interests for enhanced security at the Netherlands Defense Industry Days event.
Airbus Defence and Space Adapts to Challenging Business Environment
10/16/2024 | Airbus Defence and SpaceAirbus Defence and Space is announcing plans to adapt the Division’s organisation and workforce in light of a continued complex business environment, especially in the Space Systems segment where significant financial charges were recorded in 2023 and 2024.
Microsatellite Project to Monitor Objects in Space Over Canada, South Pole
10/11/2024 | BUSINESS WIREAn exciting new satellite project to monitor and protect the Earth’s orbital environment is underway. University of Manitoba (UM) and Magellan Aerospace (Magellan), in collaboration with Canada’s Department of National Defence (DND) science and technology organization, Defence Research and Development Canada (DRDC), and the United Kingdom’s Defence Science and Technology Laboratory (Dstl), are working together to make it a reality.