Acquisition: Cicor
Crowe advised Cicor Technologies Ltd (Cicor) on its recommended cash and share acquisition of TT Electronics Plc (TT), a London Stock Exchange listed entity and provider of engineered electronics with manufacturing locations in the UK, North America and Asia.
Cicor is a globally active provider of full-cycle electronic solutions and a manufacturer of high-reliability electronics, whose shares are traded on the SIX Swiss Exchange. Following several recent acquisitions, acquiring TT further strengthens Cicor’s position as a leader in the electronics manufacturing services market for medical, industrial, aerospace and defence applications.
The total transaction equity value amounts to approximately CHF 303 million (equivalent to £287 million). The Board of Directors of TT expressed its unanimous support for the offer, with shareholders expected to vote on the transaction in December 2025.
Crowe's role and team
Crowe provided financial due diligence and bid support as well as tax due diligence, led by partners Dan Nixon and Trevor Ling and assisted by Nathan Crawford, Sacha Alam, Aaron Clare and Chris Ho.
Client quote
"Crowe provided excellent financial due diligence and bid support as well as tax due diligence. We have worked multiple times with Crowe and continue to be highly satisfied with the partnership and services provided."
Peter Neumann, Group CFO, Cicor
