in4ma: the state of the EMS Industry in 2024
December 03, 2024
The EMS industry faced significant challenges in 2024 – as discussed in an interview with in4ma analyst, Dieter G. Weiss, during Evertiq Expo Warsaw. Weiss provided a thorough summary of the industry's current problems, prospects, and the contrasting dynamics between Western and Eastern Europe.
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Cicor acquires NEP, in talks to acquire German EMS firm
November 08, 2024
The acquisition of Nordic Engineering Partner gives Cicor a presence in Sweden, one of Europe’s leading markets for advanced electronics in healthcare tech, industrial and aerospace & defence sectors.
Strategy 2028: Cicor aims to become leading electronics designer
November 06, 2024
A stronger focus on high-growth verticals and the accelerated expansion of R&D services is expected to lead to above market growth organically, the company said.
Cicor consolidates its thin-film technology business
October 22, 2024
The Cicor Group has decided to discontinue thin-film production at the Ulm site in Germany by the end of June 2025 and to concentrate production at the existing site in Wangs, Switzerland.
Cicor to stop thin-film production at German site
October 21, 2024
Cicor is consolidating production at its site in Wangs, Switzerland. Employees at Ulm, Germany, will be offered the opportunity to relocate to the Wangs site or work in a sales role in the Ulm region.
Cicor thrives in a challenging environment
October 16, 2024
The Cicor Group continued its growth path in the third quarter of 2024. Quarterly sales increased by 26.3% to CHF 120.4 million (EUR 128.2 million). The order intake of CHF 121.1 million (EUR 128.9 million) corresponds to a book-to-bill rate of 1.01.
Exclusive: Europe’s biggest EMS players
September 19, 2024
Top 25 list of EMS companies in Europe only on Evertiq. Respected industry analyst Dieter G. Weiss of in4ma and IPC have prepared a TOP 25 list that includes European EMS firms and global players in Europe.
Cicor completes the acquisition of TT Electronics IoT Solutions
April 04, 2024
EMS provider, the Cicor Group has completed the acquisition of TT Electronics IoT Solutions Ltd. with three production sites in the UK and China.
Cicor acquires business units from TT Electronics
March 05, 2024
Cicor has signed an agreement to acquire TT Electronics IoT Solutions Ltd, with three production sites in the UK and China, from TT Electronics for GBP 20.8 million.
Cicor acquires Romanian medtech specialist
February 28, 2024
EMS provider Cicor Group is further expanding its engineering capabilities in the medical technology sector through the acquisition of Romanian engineering company Evolution Medtec Srl.
Cicor acquires UK's STS Defence
October 18, 2023
Swiss EMS provider Cicor has signed an agreement to acquire 100% of the shares of UK-based STS Defence Limited (STS Defence).
Cicor reports strong year-to-date sales growth of 25%
October 16, 2023
The outlook remains positive for EMS provider Cicor as the company continues on its growth path in the third quarter of 2023.
Cicor and Clayens team up to offer one-stop shop solutions
October 12, 2023
The Cicor Group has signed a MoU with Clayens Group to offer one-stop-shop solutions for smart drug delivery devices.
Cicor closes the acquisition of Phoenix Mecano
January 23, 2023
Cicor Group has completed the acquisition of 100% of the shares of Phoenix Mecano Digital Elektronik GmbH (PMDE) with two sites in Thuringia, Germany, and Phoenix Mecano Digital Tunisie S.a.r.l. with a site located in Borj-Cedria, Tunisia.
Cicor acquires the thin-film business of AFT microwave
December 16, 2022
Cicor Group says that it is acquiring the thin film business of AFT microwave GmbH of Backnang, Germany in an asset deal. With this acquisition, the EMS strengthens its position as a supplier of thin film substrates in the European market.
Cicor adds production through Phoenix Mecano acquisition
November 15, 2022
The Phoenix Mecano Group is to sell all its shares in electronic manufacturing services firm Phoenix Mecano Digital Elektronik GmbH as well as Phoenix Mecano Digital Tunisie S.à.r.l. to the Switzerland-based Cicor Group.
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Cicor to double its production capacity in Vietnam
September 26, 2022
Cicor Group says it is taking another important step in the implementation of its growth strategy. The EMS provider says it will significantly expand its production capacities at its location in Thuan An City, Vietnam to meet increased demand.
Cicor strengthens management team with new EVP Operations
September 02, 2022
Swiss EMS provider Cicor has appointed Mr. Marco Kechele to the Group Management Team as Executive Vice President (EVP) Operations, effective October 1, 2022.
Cicor receives €30.8 million multi-year contract
August 10, 2022
Swiss EMS provider Cicor Group has been awarded with a major multi-year follow-up business for a total value of around CHF 30 million (EUR 30.8 million) by an unnamed European manufacturer of specialised aircraft solutions.
Cicor expects around 30% growth in 1H22
June 16, 2022
EMS provider Cicor Group says that it expects a sales growth of around 30% in the first half of 2022 compared to the same period in 2021 as a result of acquisitions made and the successful management of challenges in the current difficult business environment.
Cicor completes the acquisition of SMT Elektronik GmbH
April 27, 2022
Cicor Group has completed the acquisition of SMT Elektronik GmbH located in Dresden, Germany.
Cicor Asia moves to new location in Singapore
February 21, 2022
Swiss EMS provider Cicor is opening its new facility in Woodlands, Singapore. The new location will serve as the Asian headquarters of the Cicor Group and as a center of excellence for the development and production of highly precise injection molds for medical technology.
Cicor's is looking to expand in Germany via acquisition
January 17, 2022
Swiss EMS provider Cicor Group says that it is currently in discussions with the owners of SMT ELEKTRONIK GmbH from Dresden, Germany, with the target of acquiring the company's EMS activities.
Evertiq’s industry pulse report – Cicor
December 09, 2021
Europe – as a whole – needs to understand that the availability of electronic components is extraordinarily important for the economic development and security of the continent, according to Cicor CEO, Alexander Hagemann
Cicor closes acquisition of Axis Electronics
December 01, 2021
Cicor Group announces today that the acquisition of all shares of the UK-based Axis Electronics has been successfully closed.
Cicor acquires British contract manufacturer
November 11, 2021
Swiss EMS provider, Cicor Group, announces that it has acquired 100% of the shares of the UK-based Axis Electronics. With this first acquisition within the group's recently announced growth strategy, Cicor strengthens its position in strategically targeted markets and expands its European footprint with a site in the UK.
Cicor's CFO to leave the company next year
July 01, 2021
Swiss EMS provider Cicor says that its CFO, Patric Schoch, will leave the Group at his own request at the end of June 2022 to take up a new challenge outside the company.
Swiss EMS provider gets a new major shareholder
March 03, 2021
Swiss EMS provider, Cicor, has says that HEB Swiss Investment AG, Zurich, has sold all of its shares in Cicor Technologies Ltd. in a binding transaction to an investment vehicle of One Equity Partners (OEP).
Cicor expands capacity at Wangs facility
October 26, 2020
Due to the strong demand for the company’s thin-film services, the production capacities at the Wangs (Switzerland) site will be expanded with immediate effect by an additional shift.
Cicor remains profitable even during the pandemic
August 13, 2020
Following a steady growth in previous years, the Swiss manufacturer recorded a 17.3% decline in sales in the first half of 2020 due to the effects of the global pandemic.
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