Draft:Cicor
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| Type | Public (Aktiengesellschaft) |
|---|---|
| SIX: CICN | |
| ISIN | CH0008702190 |
| Industry | Electronics |
| Founded | 1966 in Lausanne, Switzerland |
| Headquarters | , Switzerland |
| Key people |
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| Products | |
| Services |
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| Revenue | CHF 616.5 million[1] (2025) |
| Website | www |
Cicor is a Swiss group of companies in the electronics industry headquartered in Bronschhofen in the canton of St. Gallen. The group mainly provides electronics manufacturing services and produces plastic components and printed circuit boards.[2][3][4] In 2025, the group generated revenue of 616.5 million Swiss francs.[1] The shares of Cicor Technologies Ltd. are traded on the SIX Swiss Exchange.[5]
History
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In 1966 the family business Cicorel was founded in Lausanne and developed and produced printed circuit boards for quartz watches.[2] In 1999, the company moved from Crissier to Boudry, where a new main plant was built.[6]
In the following years, Cicorel acquired companies including Photochemie and NMS.[2] With the purchase of Swisstronics Contract Manufacturing (Bronschhofen), Systel (Quartino) and Systronics (Arad) in 2005, the group established an electronics manufacturing services division and was renamed Cicor.[6] In 2007, it acquired Reinhard Microtech, with sites in Ulm and Wangs, and RHe Microsystems in Radeberg, which formed the basis of a microelectronics division. A division in Asia followed in 2008 and a first sales office in the United States in 2012.[6] After the construction of a new production facility in Bronschhofen in 2016, the group moved its headquarters there.[7]
In 2021, the American investor One Equity Partners acquired a stake of around 29 percent in Cicor and became the group's largest shareholder.[8] In the same year, Cicor took over the British contract manufacturer Axis Electronics in Bedford.[9] In 2023, two business units of Phoenix Mecano in Germany and Tunisia were added.[10]
In 2025, the group completed more acquisitions, including a production site of Mercury Mission Systems International in Plan-les-Ouates,[11] the Spanish electronics company Mades in Málaga[3] and two production sites of Valtronic in Cleveland (United States) and Berrechid (Morocco), which marked the group's entry into the American market.[12] The acquisitions of 2025 added over 1,300 employees to the group.[13]
Corporate structure
[edit]The Cicor Group's headquarters are located in Bronschhofen in the canton of St. Gallen. In the 2025 financial year, the group generated revenue of 616.5 million Swiss francs, an increase of around 28 percent compared with the previous year.[1] The largest shareholder is One Equity Partners.[8] Alexander Hagemann has been the chief executive officer of the group since 2016.[5] Daniel Frutig is the chairman of the board of directors.[14] Cicor operates production sites in Europe, North Africa, Asia, and the United States.[13][12]
Products and services
[edit]Cicor provides engineering and development services, electronics manufacturing services (EMS), printed circuit boards and hybrid circuits, as well as tooling and plastic injection molding.[2][3][4] Its customers include companies in medical technology, industrial electronics and the aerospace and defense sector.[13][2]
References
[edit]- 1 2 3 "Cicor steigert Umsatz durch Übernahmen deutlich". cash.ch (in German). 2026-03-05. Retrieved 2026-08-12.
- 1 2 3 4 5 Riedl, Thorsten (2021-06-29). "Cicor-CEO: «Wir schlagen ein neues Kapitel auf»". Finanz und Wirtschaft (in German). Retrieved 2026-08-12.
- 1 2 3 Enz, Kaspar (2025-04-04). "Bronschhofer Cicor übernimmt Rüstungszulieferer in Spanien". Aargauer Zeitung (in German). Retrieved 2026-08-12.
- 1 2 Dahlgren, Dennis (2026-06-18). "DELTEC acquires Cicor's Tunisia facility – expands into international EMS network". Evertiq. Retrieved 2026-08-12.
- 1 2 Riedl, Thorsten (2026-01-26). "Cicor-CEO Alexander Hagemann: «Im Vergleich zu unseren Mitbewerbern ist Cicor unterbewertet»". Finanz und Wirtschaft (in German). Retrieved 2026-08-12.
- 1 2 3 "Cicorel feiert 50 Jahre". Evertiq (in German). 2016-08-24. Retrieved 2026-08-12.
- ↑ Müller, Giorgio V. (2017-03-10). "Cicor versucht es mit einer flacheren Hierarchie". Neue Zürcher Zeitung (in German). Retrieved 2026-08-12.
- 1 2 Buetow, Mike (2021-07-19). "OEP Takes Largest Stake in Cicor". Circuits Assembly. Retrieved 2026-08-12.
- ↑ "Cicor closes acquisition of Axis Electronics". Evertiq. 2021-12-01. Retrieved 2026-08-12.
- ↑ "Cicor schliesst Kauf zweier Geschäftseinheiten von Phoenix Mecano ab". Finanz und Wirtschaft (in German). 2023-01-23. Retrieved 2026-08-12.
- ↑ "Cicor übernimmt Mercury Elektronikproduktionsstandort in der Schweiz". MM Maschinenmarkt (in German). 2025-06-03. Retrieved 2026-08-12.
- 1 2 Enz, Kaspar (2026-03-05). "Cicor steigt in neue Liga auf". St. Galler Tagblatt (in German). Retrieved 2026-08-12.
- 1 2 3 "Cicor steigert Umsatz auf 616,5 Millionen". Leader Digital (in German). 2026-03-05. Retrieved 2026-08-12.
- ↑ Dahlgren, Dennis (2025-10-30). "Cicor to acquire TT Electronics in £287 million deal". Evertiq. Retrieved 2026-08-12.
External links
[edit]
Category:Electronics companies of Switzerland Category:Companies listed on the SIX Swiss Exchange Category:Companies based in the canton of St. Gallen Category:Swiss companies established in 1966