Brief: Cicor: Acquires Thin-Film Business OFT Microwave

Cicor Technologies

16/12/2022 06:08

Dec 16 (Reuters) - Cicor Technologies Ltd  CICN.S :
    * CICOR ACQUIRES THE THIN-FILM BUSINESS OF AFT MICROWAVE AND
STRENGTHENS ITS ACTIVITIES IN THE FIELD OF MINIATURIZED HYBRID
CIRCUITS
    * CICOR GROUP (SIX SWISS EXCHANGE: CICN) TODAY ANNOUNCES
ACQUISITION OF THIN FILM BUSINESS OF AFT MICROWAVE GMBH OF
BACKNANG, GERMANY IN AN ASSET DEAL
    * THIN-FILM BUSINESS HAS HISTORICALLY GENERATED ANNUAL SALES
IN
LOW SINGLE-DIGIT MILLION-EURO RANGE
    * CLOSING OF TRANSACTION IS EXPECTED TO TAKE PLACE WITHIN
NEXT 2 -
4 MONTHS AND IS SUBJECT TO CUSTOMARY CLOSING CONDITIONS
    * TRANSACTION WILL BE FINANCED WITH AVAILABLE FUNDS IN CASH

Further company coverage:  CICN.S 
 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))