One Equity Partners has acquired a minority stake in Cicor Technologies Ltd, a Swiss provider of electronic manufacturing services. No financial terms were disclosed. As a result of the transaction, OEP has become Cicor’s largest shareholder.
One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has completed the acquisition of a 29 percent stake in Cicor Technologies Ltd. (“Cicor” or “the Company”) (SIX Swiss Exchange: CICN), a leading Swiss provider of electronic manufacturing services (“EMS”), to become the Company’s largest shareholder.
Founded in 1966 and headquartered in Boudry, Switzerland, Cicor is a leading international manufacturer of highly complex printed circuit boards, hybrid circuits and microelectronics and complete outsourcing services for electronic assembly and plastic injection molding. With over 2,000 employees across 10 production sites globally, the Company serves original equipment manufacturers in the medical, industrial, aerospace and defense markets.
“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,” added Konstantin Ryzhkov, Managing Director of OEP.
OEP has experience investing in and building EMS and technology manufacturers. Most recently, the firm acquired Spartronics, a U.S. provider of electronic manufacturing services to the aerospace, healthcare and industrial markets, which it develops as a separate North American platform.