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Investing.com -- Cicor has signed an agreement to acquire two production sites from Western Switzerland-based electronics supplier Valtronic, the company announced Tuesday.
The acquisition will strengthen Cicor’s medical technology business while establishing a strategic presence in the United States and expanding capacity in Morocco.
Cicor shares rose 3.6% following the announcement.
Valtronic brings over 40 years of expertise in developing and manufacturing advanced medical and diagnostic devices, including active implants. The company operates facilities in Berrechid, Morocco and Cleveland, Ohio, USA, both specializing in medical technology production, alongside its Swiss headquarters.
The deal represents a significant expansion of Cicor’s global manufacturing footprint, particularly in the medical technology sector. The acquisition of the U.S. facility gives Cicor its first production site in the American market.
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