Headlines
Switzerland's Cicor buys sites from Valtronic, securing US foothold
Published by Global Banking & Finance Review®
Posted on October 28, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on October 28, 2025
2 min readLast updated: January 21, 2026
Cicor acquires Valtronic sites in the US and Morocco, marking its first US location and boosting its global capacity and revenue.
ZURICH (Reuters) -Swiss electronics company Cicor said on Tuesday it has agreed to acquire two production sites from Swiss peer Valtronic in Cleveland, Ohio, and in Morocco, which gives the firm its first U.S. location and expands its capacity in the African country.
Cicor did not detail the value of the transaction, but said it would grow by around 220 employees and gain added revenue of at least 20 million Swiss francs ($25 million), which could roughly double thanks to new customers in the U.S. business.
"This move meets the needs of Cicor customers to produce in the USA," said Cicor in a statement, noting the move would strengthen its medical technology business in the United States.
"Setting up its own factory in the USA would have involved considerably higher investment and start-up costs for Cicor."
The Valtronic site being purchased in Berrechid, Morocco, is in the same building as a facility Cicor acquired from France's Eolane earlier this year and will double the Swiss company's capacity at the location, it said.
Swiss companies currently face 39% tariffs to export goods into the United States. The Swiss government is working to try to secure lower tariffs with the Trump administration.
The current U.S. tariff rate on Morocco is 10%.
($1 = 0.7931 Swiss francs)
(Writing by Dave GrahamEditing by Ludwig Burger)
A production site refers to a physical location where goods are manufactured or assembled. In the context of Cicor's acquisition, it indicates facilities where electronic components are produced.
Revenue is the total income generated by a company from its business activities, typically through the sale of goods and services before any expenses are deducted.
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control. This can enhance market presence and operational capabilities.
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