Cicor completed the acquisition of two production sites of Valtronic.

Cicor, a provider of full-cycle electronic solutions, completed the acquisition of two production sites - production facilities in Berrechid (Morocco) and Cleveland (OH, USA) of Valtronic, a contract manufacturer specializing in the design and development of medical devices. Financial terms were not disclosed. The acquisition of Valtronic gives Cicor its first location in the US, a facility in a very good condition with a strong local management and with the capacity to handle orders well over CHF 40 million. This move meets the needs of Cicor customers to produce in the USA. Setting up its own factory in the USA would have involved considerably higher investment and start-up costs for Cicor. The acquisition of the Cleveland site from Valtronic is therefore an attractive and quick solution from an economic perspective.