Contacts Investors Careers EN DE Cicor Group Products & Services Markets News & Events Downloads search NEWS & EVENTS NEWS CICOR SUCCESSFULLY CLOSES THE ... Cicor successfully closes the acquisition of Axis Electronics Ltd. - Capital increase from authorized capital Bronschhofen, December 01, 2021 - Cicor Group (SIX Swiss Exchange: CICN) announces today that the acquisition of 100% of the shares of the UK-based Axis Electronics Ltd. (Axis) has been successfully closed. Cicor will integrate Axis into the global engineering and manufacturing network of the Electronic Solutions Division and thereby further strengthen Axis' advantages. This will increase Cicor's market share in the UK and across Europe. The acquisition will increase Cicor Group's sales by approximately 15% on an annualized basis and result in a sustainable increase in EBITDA margin already starting in 2022. In the actual financial year 2021, the acquisition of Axis will contribute approximately CHF 2 to 3 million to Cicor’s annual sales. With the acquisition of Axis, Cicor Group strengthens one of its strategic target markets and becomes one of the top 5 EMS providers in the aerospace and defence sector in Europe. The continuity for the long-standing blue-chip customer base will be ensured by the continued operation of the Bedford site and the inclusion of all 180 employees. In direct relation to the acquisition of Axis, Cicor carried out a capital increase from authorized capital on November 30, 2021. The newly issued 167,450 shares with a nominal value of CHF 10 each are part of the financing of the purchase price. As a result of the capital increase, Cicor's share capital increases from currently CHF 29,020,920 by CHF 1,674,500 to CHF 30,695,420. Contact Alexander Hagemann Patric Schoch CEO CFO Tel. +41 71 913 73 00 Tel. +41 71 913 73 00 Email: media@cicor.com Email: media@cicor.com Cicor Management AG Gebenloostrasse 15 9552 Bronschhofen Switzerland Related Files Cicor ad hoc announcement (PDF, 88 KB) Cicor Ad-hoc-Mitteilung (PDF, 89 KB) Footer Navigation Cicor Group Cicor is your technology partner in printed circuit boards, hybrid circuits, printed electronics and electronic manufacturing services with 10 productions sites worldwide. Group profile Products & Services Printed circuit boards Hybrid circuits Electronic manufacturing services Contact us Cicor worldwide Media contact Contact form Newsletter Subscribe here Linkedin XING Twitter Instagram Imprint Sitemap Legal Data privacy © 2021 Cicor Management AG