MLL advised shareholders of Axis Electronics in the sale to Cicor Group

Shareholders of the UK-based Axis Electronics (Axis) has completed the sale of their shares to SIX listed Cicor Group.

Founded originally as part of an international electronics company, Axis was established in 1995 as an independent, UK-based provider of electronic manufacturing services with a unique combination of service and technological capabilities specialising in high reliability, complex Printed Circuit Board Assembly, system assembly and testing.

With the acquisition of this specialized company, the Cicor Group strengthens one of its strategic target markets and becomes a top EMS provider in the aerospace and defence sector in Europe. Cicor will integrate Axis into the global engineering and manufacturing network of the Electronic Solutions Division and thereby further strengthen Axis’ advantages, thereby increasing Cicor’s market share in the UK and across Europe.

MLL advised the shareholders of Axis Electronics on all Swiss legal aspects of the transaction, including the transaction agreement and of all other transaction documents as well as on all capital increase related corporate and regulatory matters. The team was led by Alexander Vogel (senior partner/co-head corporate/m&a/capital markets, pictured left) and Andrea Sieber (partner/co-head corporate/m&a/capital markets, pictured right) and included Marco Fusi (senior associate corporate/m&a) and Philipp Falk (associate corporate/m&a).