-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueIPC APEX EXPO 2025: A Preview
It’s that time again. If you’re going to Anaheim for IPC APEX EXPO 2025, we’ll see you there. In the meantime, consider this issue of SMT007 Magazine to be your golden ticket to planning the show.
Technical Resources
Key industry organizations–all with knowledge sharing as a part of their mission–share their technical repositories in this issue of SMT007 Magazine. Where can you find information critical to your work? Odds are, right here.
The Path Ahead
What are you paying the most attention to as we enter 2025? Find out what we learned when we asked that question. Join us as we explore five main themes in the new year.
- Articles
- Columns
Search Console
- Links
- Media kit
||| MENU - smt007 Magazine
Cicor Further Strengthens Its Market Position in Germany
December 2, 2024 | CicorEstimated reading time: 1 minute
Cicor Group has signed an agreement to acquire the German EMS service provider Profectus GmbH. This transaction was pre-announced in the ad hoc announcement of November 8, 2024.
Profectus GmbH, based in Suhl (Thuringia, Germany), is a service provider for the development and manufacturing of electronic modules and systems. Its long-standing customers include medium-sized companies and leading corporations, mainly in the industrial electronics and medical technology sectors. With its state-of-the-art machinery and excellent infrastructure, including its own solar power generation and further expansion reserves, the acquisition of Profectus is a perfect next step in Cicor's growth strategy in Germany, Europe's largest electronics market. Profectus GmbH employs around 90 people and generated sales of around EUR 25 million in the last financial year ending 30 September 2024, with an operating margin at the level of the Cicor Group. The transaction is subject to the usual regulatory and other closing conditions and is expected to be completed in early 2025.
The owners of Profectus consider the future perspectives and growth opportunities of their company within the Cicor Group to be excellent and will continue to support this path. Cicor will continue to operate the site in Suhl unchanged and with the existing staff. Cicor relies on the experience and knowledge of all its employees to achieve its strategic goal of becoming the leading pan-European provider of development and manufacturing services.
Suggested Items
Cicor Bids to Acquire Part of Éolane France
03/06/2025 | CicorCicor Group announces that the discussions with the company Éolane France and relevant governmental authorities regarding a potential acquisition of selected Éolane France businesses, as mentioned in Cicor's media statement of 22 January 2025, have reached an advanced stage. A public offer has been submitted.
Cicor Chosen as Key Manufacturing Partner For Advanced Military Aircraft Program
01/13/2025 | CicorCicor Group has been nominated by a leading European aerospace & defence (A&D) integrator as a key supplier to a new program of highly advanced electronic devices used in fast-jet aircraft.
Cicor Acquires Profectus, Enhancing its Position in the German Electronics Market
01/06/2025 | CicorCicor Group has successfully closed the acquisition of the German EMS provider Profectus GmbH.
Cicor Publishes Nine-month Results Report due to OEP Mandatory Offer
12/20/2024 | CicorCicor Group is publishing a nine-month report today. OEP has published a mandatory offer after it converted its Mandatory Convertible Bonds (MCNs) and thereby crossed the mandatory offer threshold.
OEP 80 B.V. Published Cicor’s Pre-Announcement for Mandatory Offer
12/09/2024 | CicorCicor Group announces that OEP 80 B.V. (OEP) published the pre-announcement for a mandatory offer for all the shares of Cicor Technologies Ltd. held in the public.