Cicor Group Powers into Spanish Aerospace with MADES Acquisition
Deal News | Apr 11, 2025 | Iberian Lawyer
Cicor Group, a leading global electronics solutions provider listed on the SIX Swiss Exchange, has strategically acquired MADES (Malaga Aerospace, Defense & Electronic Systems), a Spanish company focused on electronics for the aerospace and defense sectors. This acquisition marks Cicor's entry into the Spanish market and consolidates its position in the burgeoning European defense industry. The transaction, currently pending regulatory approvals, is anticipated to finalize in the second half of 2025. CMS Albiana & Surez de Lezo, with support from CMS Germany, provided legal advice throughout the acquisition process, including due diligence, insurance underwriting, and document negotiation. The legal team, headed by Luis Miguel de Dios and his colleagues, collaborated with Cicor's management, led by CEO Alexander Hagemann, who praised their professional and agile approach.
Sectors
- Aerospace and Defense
- Electronics Manufacturing
Geography
- Spain – MADES is a Spanish company, marking this geography as significant in the article.
- Switzerland – Cicor Group is a Swiss multinational, which highlights the importance of Switzerland in the context of the acquisition.
Industry
- Aerospace and Defense – The article discusses the acquisition of MADES, a company specialized in electronics for the aerospace and defense sectors, indicating its relevance to this industry.
- Electronics Manufacturing – Cicor Group is a globally operating electronics solutions provider, emphasizing its involvement in the electronics manufacturing industry.
Financials
- N/A – The article does not specify the financial terms or amounts involved in the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cicor Group | Acquirer | Company | A globally operating electronics solutions provider listed on the SIX Swiss Exchange. |
| MADES (Malaga Aerospace, Defense & Electronic Systems) | Target | Company | A Spanish company specialized in electronics for the aerospace and defense sectors. |
| CMS Albiana & Surez de Lezo | Legal Advisor | Company | Advised Cicor Group on the acquisition, handling legal due diligence and transactional documents. |
| CMS Germany | Legal Advisor | Company | Part of the CMS legal group involved in advising Cicor Group. |
| Alexander Hagemann | CEO of Cicor Group | Person | CEO of Cicor Group, commented on the transaction process. |
| Luis Miguel de Dios | Lead Partner | Person | Partner at CMS Albiana & Surez de Lezo, led the transaction. |
| Jorge Peris | Senior Associate | Person | Senior associate involved in the transaction at CMS. |
| Candela Villa | Associate | Person | Associate at CMS working on the transaction. |
| Hendrick Hirsch | Partner | Person | Partner at CMS Germany office involved in the transaction. |
| Maxine Notstain | Counsel | Person | Counsel at CMS Germany involved in the transaction. |