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Cicor Technologies ( (CH:CICN) ) just unveiled an announcement.
Cicor Technologies has completed the acquisition of MADES S.A.U., a Spanish electronics company, enhancing its leadership in the European aerospace and defense market. This strategic move expands Cicor’s presence in Spain, bolstering its customer base for mission-critical applications and complementing its existing business. The acquisition is part of Cicor’s broader strategy to expand its pan-European platform for A&D electronics, following previous acquisitions in the UK and France. Despite recent US tariffs on Swiss exports, Cicor anticipates no significant financial impact due to minimal exposure, with most relevant products being duty-free under international agreements.
The most recent analyst rating on (CH:CICN) stock is a Buy with a CHF64.00 price target. To see the full list of analyst forecasts on Cicor Technologies stock, see the CH:CICN Stock Forecast page.
More about Cicor Technologies
The Cicor Group is a globally active provider of electronic total solutions, offering services from research and development to production and supply chain management. With approximately 4,400 employees across 13 countries, Cicor serves leading companies in the medical, industrial, and aerospace & defense sectors. The company is known for its customer-specific development solutions, high-tech components, and electronic device manufacturing, creating added value for its clients. Cicor Technologies Ltd. is publicly traded on the SIX Swiss Exchange.
Average Trading Volume: 13,343
Current Market Cap: CHF942.3M
For a thorough assessment of CICN stock, go to TipRanks’ Stock Analysis page.