Cicor Revises TT Electronics Offer, Plans New Share Issuance
Recently, Cicor announced an update on its offer for TT Electronics, preparing for a new share issuance. This strategic move is part of a broader plan to enhance their market position.
Financial Highlights of Cicor and TT Electronics
The anticipated merger between Cicor and TT Electronics is set to create significant revenue growth. Together, the two companies aim for a combined revenue exceeding 1.2 billion Swiss francs.
Cicor’s Revenue Performance
- In the last fiscal year, Cicor’s revenue stood at approximately 480 million Swiss francs.
- By the end of September this year, Cicor reported sales reaching 441 million Swiss francs, largely driven by recent acquisitions.
TT Electronics Financials
- TT Electronics projected a revenue of 521 million pounds for 2024.
The merger promises to deliver a “leading” EBITDA margin, positioning the unified company competitively within the industry. The revision of Cicor’s offer indicates confidence in the operational synergies anticipated from the merger.
As these developments unfold, stakeholders are keen to observe how Cicor will leverage its strengthened financial portfolio through the planned share issuance.
