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Cicor, a leading international technology company in the fields of printed circuit boards and hybrid circuits, printed electronics, microelectronics as well as EMS (electronic manufacturing services), based in Boudry (Switzerland), has been informed that HEB Swiss Investment AG, Zurich, has sold all of its shares in Cicor Technologies Ltd. in a binding transaction to an investment vehicle of One Equity Partners (OEP).
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.