Cicor Completes Acquisition of Profectus GmbH, Expands Presence in Germany

Cicor Technologies Ltd, a prominent name on the SIX Swiss Exchange, has finalized the acquisition of Profectus GmbH, enhancing its foothold in Germany's electronics market. Profectus, based in Suhl, is recognized for its development and manufacturing services in electronic modules, primarily serving industrial electronics and medical technology sectors.

This strategic acquisition aligns with Cicor's growth ambitions in Europe, leveraging Profectus's state-of-the-art infrastructure, including solar power generation capabilities. Profectus achieved approximately EUR 25 million in sales in the last fiscal year, maintaining an operational margin consistent with Cicor's standards.

The acquisition will see Profectus continue operations in its current locale, retaining its workforce of around 90 employees. The collaboration aims to bolster Cicor's goal of becoming a leading pan-European provider in their industry.