Cicor has successfully completed the acquisition of TT Electronics IoT Solutions Ltd. and becomes the leading provider of high-end electronics in the UK
Cicor has successfully completed the acquisition of TT Electronics IoT Solutions Ltd. and becomes the leading provider of high-end electronics in the UK
- Cicor has successfully completed the acquisition of TT Electronics IoT Solutions Ltd. and becomes the leading provider of high-end electronics in the UK
Bronschhofen, April 2, 2024 - The Cicor Group (SIX Swiss Exchange: CICN) has successfully completed the acquisition of TT Electronics IoT Solutions Ltd. with three production sites in the UK and China. - With this transaction Cicor has taken another step forward in implementing its strategy to become the European leader in electronics manufacturing services for medical technology, industry, aerospace and defence.
- TT Electronics IoT Solutions Ltd. employs more than 500 people at its sites in Hartlepool and Newport in the UK and Dongguan in China and has a total production area of around 25,000 square meters.
- The acquired UK production sites provide the much-needed growth reserves for local production.