Defense Speak Interpreted: Is DARPA Still Around After CHIPS?
Beyond the Board: Orbital High Ground—Why Space Superiority Is Slipping Away
The Government Circuit: Trump’s Trade War Disrupts the Electronics Ecosystem
Cicor Acquires Evolution Medtec Srl, Strengthens Engineering Capabilities in Medtech Sector
February 28, 2024 | Cicor Technologies Ltd.Estimated reading time: 1 minute
The Cicor Group has acquired 100% of the shares of the Romanian engineering company Evolution Medtec Srl and is further expanding its engineering capabilities in the medical technology sector.
Evolution Medtec is a provider of comprehensive engineering services with a strong focus on medical and paramedical applications. The company has been active in the development and prototyping of medtech applications for 20 years and currently employs 25 people in Bucharest, Romania. The FDA registered site is ISO 13485 certified. In the last fiscal year, Evolution Medtec generated sales in the lower single-digit million Euro range with an EBITDA margin comparable to the Cicor Group. Evolution Medtec's longstanding customers are medium and large medical device and industrial companies in Europe, the UK, and the US.
Cicor is one of Europe's fastest-growing developers and manufacturers of high-reliability electronics for the medical, industrial, aerospace and defence markets. With the acquisition of Evolution Medtec, Cicor further strengthens its engineering expertise and capacity in the strategically important medical technology market. Cicor will continue to provide first-class development services at Evolution Medtec's existing site under the leadership of the existing management team.
With the acquisition of Evolution Medtec and STS Defence (transaction completed in January 2024), Cicor has created one of the strongest R&D platforms in the European EMS industry, doubling the resources to develop highly advanced electronic solutions for the medical, industrial, aerospace and defence markets.
Share on:
Suggested Items
TT Electronics Achieves ISO 13485 Medical Certification at Mexicali EMS Facility
06/27/2025 | TT ElectronicsThis milestone underscores TT Electronics’ commitment to delivering high-quality, compliant, and reliable manufacturing solutions to its global customers in healthcare and life sciences.
Benchmark Strengthens Presence in Jalisco with Grand Opening of Advanced Manufacturing Facility in Guadalajara
06/21/2025 | BUSINESS WIREBenchmark Electronics, Inc., a global provider of engineering, design, and manufacturing services, celebrated the grand opening of its brand-new manufacturing facility in Guadalajara, Mexico.
Quasar Medical to Acquire Nordson MEDICAL Design and Development business in Galway, Ireland and Tecate, Mexico
06/02/2025 | Quasar MedicalQuasar Medical, a global leader in the manufacturing of interventional and complex minimally invasive devices, announced it has signed a definitive agreement with Nordson Corporation to acquire its design and development contract manufacturing businesses in Galway, Ireland, and Tecate, Mexico.
Kimball Electronics to Open New Medical Manufacturing Facility
05/30/2025 | Kimball ElectronicsKimball Electronics has announced the addition of a 300,000 sq ft manufacturing facility in Indianapolis centered on the medical industry.
Evolve Manufacturing Celebrates 100 Years of Combined Leadership in Medical Device Manufacturing
05/26/2025 | Evolve ManufacturingEvolve Manufacturing Inc., a leading provider of end-to-end contract manufacturing services for medical device and life sciences instrument companies, proudly celebrates 100 years of combined medical device leadership among its expert team.