HEB Swiss Investment AG had been a major shareholder of Cicor Group since March 2009 and held approximately 29.35% of the shares as of December 31, 2020.
One Equity Partners (OEP) is a middle market private equity firm with over $8 billion in assets under management focused on transformative combinations within the industrial, healthcare and technology sectors in North America and Europe.
Cicor welcomes OEP as a new major shareholder of Cicor Technologies AG. The Board of Directors thanks the long-time major shareholder HEB for its loyalty during the development of Cicor into an operationally and financially robust and fast-growing technology company. Now a new chapter in Cicor's development towards a leading European manufacturer of high-tech electronics begins and the Board of Directors looks forward to working with OEP as a strong partner in the interest of all Cicor's stakeholders.
The closing of the transaction is subject to customary regulatory approvals.
Contact:
Robert Demuth Alexander Hagemann
Chairman of the Board of Directors CEO
Tel. +41 71 913 73 00 Tel. +41 71 913 73 00
E-mail: media@cicor.com E-mail: media@cicor.com
Cicor Management AG
Gebenloostrasse 15
9552 Bronschhofen
Switzerland