One Equity Partners Completes Strategic Investment in Cicor Technologies Ltd.

- Advertisement -
  • As part of the transaction, OEP Senior Managing Director Norma Corio and Ryzhkov have joined the Board of Directors of Cicor
  • Cicor is an international manufacturer of highly complex printed circuit boards, hybrid circuits and microelectronics and complete outsourcing services for electronic assembly and plastic injection molding
partnership
Pic Source – Wallpaper Flare

One Equity Partners , a middle market private equity firm, today announced that it has completed the acquisition of a 29 percent stake in Cicor Technologies Ltd, that provides electronic manufacturing services to become the Company’s largest shareholder. As part of the transaction, OEP Senior Managing Director Norma Corio and Ryzhkov have joined the Board of Directors of Cicor.

Cicor is a premier European EMS company that is well-positioned to pursue new opportunities in a highly competitive market, where its strong engineering and design capabilities differentiate it from others in this space,” said Chip Schorr, Senior Managing Director of OEP.

Founded in 1966 and headquartered in Boudry, Switzerland, Cicor is an international manufacturer of highly complex printed circuit boards, hybrid circuits and microelectronics and complete outsourcing services for electronic assembly and plastic injection molding.

- Advertisement -

Konstantin Ryzhkov, Managing Director of OEP added, “We look forward to partnering with the talented management team, the Board of Directors and Cicor’s other shareholders, and providing the company with the resources to support and accelerate its growth, both organically and through OEP’s transformational acquisition strategy to create value for all stakeholders.”

“We’re excited to welcome One Equity Partners as a major shareholder in Cicor. They have deep expertise within the EMS sector and they share our growth vision for the business,” said Alexander Hagemann, Chief Executive Officer of Cicor. “OEP’s investment in Cicor will enable us to make the most of our robust pipeline of new business and evaluate potential strategic acquisition opportunities within the European EMS market.”

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Report Suggests India’s EV Sales Will Surge, Rising 66% In 2024

0
In 2023, sales of electric vehicles (EVs) in India almost doubled due to increased consumer interest, government actions, better infrastructure, and climate change worries....

Ascend Performance Materials: Pioneering Innovation in the Electronics Sector

0
Bridging material advancements in plastics and technological progress, Ascend leads with customised solutions for a safer, reliable and greener tomorrow. Q. How would you explain...

DigiKey Expands Portfolio With 3PEAK

0
This collaboration adds amplifiers, interface components, data converters, and more, catering to industries such as communication, industrial, medical, and automotive.  In a strategic move aimed...

Buzz

Microsoft’s $1.5B AI Venture In UAE Stirs Global Interest

0
New partnership with G42 promises transformative AI advancements in emerging markets, impacting tech and geopolitics. Microsoft has announced a strategic $1.5 billion investment in UAE-based...

Tesla Power, E-Ashwa To Introduce India’s First EV With Fire Safety Tech

0
The partnership also expands to include the provision of after-sales support for electric vehicle customers by establishing a comprehensive network of sales and service...

Elektrobit Introduces EB zoneo GatewayCore Featuring Infineon’s AURIX TC4x

0
The EB zoneo GatewayCore is designed to connect hardware-dependent accelerators with the Classic AUTOSAR framework, providing adaptable support for intricate routing scenarios. Elektrobit, a premier...

Important Sectors

Tesla Power, E-Ashwa To Introduce India’s First EV With Fire Safety Tech

0
The partnership also expands to include the provision of after-sales support for electric vehicle customers by establishing a comprehensive network of sales and service...

Elektrobit Introduces EB zoneo GatewayCore Featuring Infineon’s AURIX TC4x

0
The EB zoneo GatewayCore is designed to connect hardware-dependent accelerators with the Classic AUTOSAR framework, providing adaptable support for intricate routing scenarios. Elektrobit, a premier...

Raptee’s Cell Chemistry Extends Battery Life, Says Dinesh Arjun

0
The Co-founder and CEO of Raptee disclosed that the company is currently sourcing its cells from a variety of countries. Dinesh Arjun, the Co-founder and...

AVL And Red Bull To Create High-Density Fuel Cell Technology

0
The advanced technology, featuring ultra-high power density and a lightweight design, is said to be two-thirds lighter than traditional fuel cell systems. This partnership...

Raptee Debuts First EV Motorcycle From Chennai Plant

0
Raptee Energy is gearing up for the commercial launch of its motorcycles by priming its assembly line, preparing the initial batch for testing, and...

Manufacturing

AVL And Red Bull To Create High-Density Fuel Cell Technology

0
The advanced technology, featuring ultra-high power density and a lightweight design, is said to be two-thirds lighter than traditional fuel cell systems. This partnership...

JJG Aero Secures $12 Million Investment From CX Partners

0
The Bengaluru-based aerospace components manufacturer intends to use the funds primarily to enhance vertical integration, increase production capacity at the new site, and support...

Tata Electronics Finalizes Semiconductor Agreement With Tesla

0
Ashok Chandak, the head of the India Electronics and Semiconductor Association (IESA), highlighted that Tesla’s initiative to establish a network of domestic suppliers for...

Sterling Tools Targets 40% of Sales from EV Business by FY25

0
This increase is anticipated to come from the EV business segment, which is integral to the company's strategy to diversify its operations. With a certain...

Lanxess, IBU-tec Partner To Develop Iron Oxides For EV Batteries

0
The collaboration focuses on enhancing the performance of LFP (lithium iron phosphate) cathode materials and reducing batteries' carbon footprint. Utilizing local raw materials, the...