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New Deal


Announced

Completed

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

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Completed

Electrical Components

Tunisia

Single Bidder

Majority

Friendly

Germany

Acquisition

electronic manufacturing services

Private

Synopsis

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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.

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