Deals & Cases

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

MLL advised the shareholders of the UK-based Axis Electronics Ltd. (Axis) on all Swiss legal aspects in the sale of their shares to SIX listed Cicor Group.

Founded originally as part of a leading 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. Axis is trusted by many market-leading European companies, particularly in the aerospace and defence sectors, as their preferred manufacturing partner. With the acquisition of this specialized company, the Cicor Group strengthens one of its strategic target markets and becomes a top 5 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 Ltd 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) and Andrea Sieber (partner/co-head corporate/M&A/capital markets) and included Marco Fusi (senior associate corporate/M&A) and Philipp Falk (associate corporate/M&A).

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