New Cicor site in Sweden

On 8 November Cicor  has acquired the Swedish development company Nordic Engineering Partner AB and thus establishes a significant presence in the Nordics. 

The acquisition of Nordic Engineering Partner (NEP) AB gives Cicor a presence in Sweden, one of Europe's leading markets for advanced electronics in the healthcare technology, industrial and aerospace & defence sectors. The four engineering offices in the Stockholm area offer customised development services and prototype production for complex electronic systems. NEP has an attractive customer base in Cicor's target markets which, together with Cicor's existing customers, provides a strong platform for further growth. Nordic Engineering Partner has 45 employees and generated sales of SEK 52 million with an attractive operating margin in the last financial year ended 30 June 2024.

The integration of NEP is another important step in the transformation of Cicor towards becoming the leading pan-European electronics design and manufacturing partner in its chosen markets by 2028. Following the acquisition of Evolution Medtech (Bucharest, Romania) earlier in 2024, the acquisition of NEP again doubles Cicor's product development capacity and significantly broadens the portfolio of capabilities.

We warmly welcome our new colleagues to the Cicor team.