ZURICH, SWITZERLAND – Cicor Technologies has announced plans to acquire UK-based TT Electronics PLC in a $378 million cash-and-share deal. Once completed, TT shareholders will hold roughly 10% of the enlarged Cicor Group, with the transaction expected to close in the first half of 2026.

The combined entity will generate more than $1.5 billion in annual revenue with a pre-tax margin near 11%.  Cicor CEO Alexander Hagemann called the acquisition a “decisive, transformative step” that strengthens the company’s position as an innovation partner in aerospace, defense, healthcare technology and industrial automation. The transaction will proceed via a court-sanctioned scheme of arrangement under the UK Companies Act 2006.

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