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27. April 2022

SMT ELEKTRONIK successfully acquired by Cicor Group

We are pleased to announce today that the sale of SMT ELEKTRONIK GmbH to the Swiss Cicor Group has been successfully completed.

SMT ELEKTRONIK and the Cicor Company RHe Microsystems GmbH will be operated as a single organizational unit under the name "Cicor Deutschland" with immediate effect, which will result in considerable synergies. Cicor intends to expand its competencies in the fields of Electronic Manufacturing Services (EMS) and microelectronics assembly and significantly increase its position in the German market for sophisticated electronics.

As part of the transaction, Cicor also acquires the MONILOG® data logger business that SMT has successfully built up over the last few years and will be further developed these products as part of the Cicor Group in the future.

By joining the Cicor Group, SMT ELEKTRONIK GmbH will benefit from the international network in purchasing, manufacturing and sales and hopes to become an even stronger and more attractive partner for its customers.

You can also read the announcement of Cicor here.