Cicor Group completed the acquisition of Phoenix Mecano Digital Elektronik and Phoenix Mecano Digital Tunisie from Phoenix Mecano.

Cicor Group, a provider of full-cycle electronic solutions, completed the acquisition of EMS manufacturers Phoenix Mecano Digital Elektronik and Phoenix Mecano Digital Tunisie from Phoenix Mecano, an electronics component manufacturer. Financial terms were not disclosed. The acquisition will provide PMDE's customers with access to the extensive range of competencies in the areas of development, manufacturing and supply chain management, the global presence and synergies in material procurement. Cicor will benefit from PMDE's location in Tunisia, which is attractive due to its geographic proximity, availability of employees and competitive cost structures.