Cicor takes over Profectus: Strengthening the market position in Germany!
Cicor takes over Profectus: Strengthening the market position in Germany!
Suhl, Thüringen, Deutschland - Cicor Technologies LTD has successfully completed the takeover of Profectus GmbH. The German EMS service provider, based in Suhl, Thuringia, specializes in the development and manufacture of electronic assemblies and systems. According to the reported information from Express The customers of Profectus both medium -sized companies and leading groups, in particular from the areas of industrial electronics and medical technology.
Profectus employs around 90 employees and generated sales of around 25 million euros in the financial year until September 30, 2024. The operative margin of Profectus is at the level of the Cicor Group. The acquisition supports Cicors growth strategy in Germany, the largest electronics market in Europe, and aims to continue the location in Suhl unchanged and with the existing staff. This is also confirmed by the information from strategic importance of the acquisition
Cicor strives to become the leading pan-European provider of development and manufacturing services. The company, which works worldwide, has around 3,450 employees at 21 locations and serves customers from various industries, including medicine, industry as well as aerospace & defense. The owners of Profectus see the future prospects in a network with Cicor as ideal and will continue to accompany the way. Profectus has a modern machine park and its own solar power generation, which supports the company considerably. The shares of Cicor Technologies LTD are traded on the Six Swiss Exchange. -transmitted by DetailsOrt Suhl, Thüringen, Deutschland Quellen
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