Cicor Group’s Acquisition of SMT Elektronik

CMS advised SMT Elektronik GmbH on the deal.

Cicor Group announced the acquisition of SMT Elektronik GmbH located in Dresden (Germany).

Cicor is taking a further step in the implementation of its communicated growth strategy. By integrating SMT Elektronik GmbH, founded in 1990, with its approximately 130 employees at the company’s site in Dresden, Cicor is specifically expanding its Electronic Manufacturing Services (EMS) business in Germany and becoming an even more important provider in the largest market for sophisticated electronics in Europe. SMT Elektronik and the Cicor Company RHe Microsystems GmbH, located just a few minutes away, will be operated as a single organizational unit under the name “Cicor Deutschland” with immediate effect, which will result in considerable synergies.

SMT Elektronik has an attractive and loyal customer base, which is predominantly related to Cicor’s target markets of medical and industrial technology. The company has generated sales of around EUR 20 million in fiscal year 2021 with an EBITDA margin at a comparable level to the Cicor Group. The integration into the EMS division of the Cicor Group opens up new opportunities for the customers of SMT Elektronik as well as of the Cicor Group. Complementary technologies and synergies in materiel sourcing will result in a broader range of services for them with immediate effect. SMT customers will furthermore benefit from Cicor’s global presence and comprehensive capabilities.

The CMS team included Dr. Hendrik Hirsch (Picture), Maxine Notstain, Dr. Boris Alles, Dr. Tobias Polloczek, Maren Hoffmann, Dr. Markus M. Pfaff, Felicitas Matthei, Thomas Schaak, Dr. Dominik Seehawer, Dr. Thomas Hirse, Sven Krause, Stefan Lehr, Juliana Kettel, Anna Reinprecht, Dr. Martin Friedberg, Berthold Blatecki-Burgert and Louisa Oldershausen.

Involved fees earner: Boris Alles – CMS Hasche Sigle; Martin Friedberg – CMS Hasche Sigle; Hendrik Hirsch – CMS Hasche Sigle; Thomas Hirse – CMS Hasche Sigle; Maren Hoffmann – CMS Hasche Sigle; Juliana Kettel – CMS Hasche Sigle; Sven Krause – CMS Hasche Sigle; Stefan Lehr – CMS Hasche Sigle; Felicitas Matthei – CMS Hasche Sigle; Maxine Notstain – CMS Hasche Sigle; Markus Pfaff – CMS Hasche Sigle; Tobias Polloczek – CMS Hasche Sigle; Anna Reinprecht – CMS Hasche Sigle; Thomas Schaak – CMS Hasche Sigle; Dominik Seehawer – CMS Hasche Sigle;

Law Firms: CMS Hasche Sigle;

Clients: Cicor Group ;

Federica Tiefenthaler

Author: Federica Tiefenthaler