Mercury and Cicor Group Create Long-Term Strategic Business Relationship In Support of European Defense

Mercury and Cicor Group Create Long-Term Strategic Business Relationship In Support of European Defense

Benzinga
April 15, 2025

ANDOVER, Mass., April 15, 2025 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com)), a technology company that delivers mission-critical processing power to the edge, today announced it has entered into a strategic supply agreement under which Cicor Group (SIX Swiss Exchange: CICN) will acquire a manufacturing operation in Plan-Les-Ouates, Switzerland, and supply Mercury with electronic products over the next five years.

Mercury Mission Systems International S.A. is a leading provider of mission-critical processing products and solutions to the international aerospace and defense industry. In anticipation of increased European and global demand for commercial defense products, Mercury will transition its Swiss electronic board manufacturing operations to Cicor, the leading European manufacturer for aerospace and defense electronics. This will allow Mercury's facilities in Switzerland, Spain, and the United Kingdom to focus on their core competencies of engineering design and systems integration, which is expected to drive the company's continued success and next phase of growth in the international market.

The transaction is expected to be completed within approximately one month, subject to customary closing conditions including end customer consents. Mercury and Cicor have jointly decided to relocate production to the Cicor sites in Newport, United Kingdom, and Bronschhofen, Switzerland, within the next 18 months. As part of the agreement, Mercury will purchase boards from Cicor, as well continue to source boards from Mercury's U.S. operations, to ensure a robust supply chain. Both parties intend to further expand the strategic business relationship in the coming years.

"Mercury remains dedicated to delivering mission-critical processing capabilities to the European and global aerospace and defense sector," said Paul Tanner, Vice President of Mercury International. "This agreement with Cicor ...

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