GBAF Logo
Finance

Swiss firm Cicor agrees to buy UK's TT Electronics in $385 million deal

Published by Global Banking & Finance Review

Posted on October 30, 2025

1 min read

· Last updated: January 21, 2026

Add as preferred source on Google
Russian military advance in eastern Ukraine ahead of Trump-Putin summit - Global Banking & Finance Review
Image depicting the recent Russian military advance into eastern Ukraine near Dobropillia, highlighting the escalating tensions ahead of the Trump-Putin summit. This event is pivotal in the ongoing conflict and impacts geopolitical discussions.
corporate bonds Mergers and Acquisitions financial community Investment management
Global Banking & Finance Awards 2026 — Call for Entries

(Reuters) -Britain's TT Electronics said on Thursday it agreed to the terms of a buyout proposal by Swiss firm Cicor Technologies, which will value the company at about 287 million pounds ($385.18

Cicor Technologies to Acquire TT Electronics for $385 Million

Cicor's Acquisition of TT Electronics

(Reuters) -Britain's TT Electronics said on Thursday it agreed to the terms of a buyout proposal by Swiss firm Cicor Technologies, which will value the company at about 287 million pounds ($385.18 million).

Details of the Buyout Agreement

Under the deal terms, each TT Shareholder will receive 100 pence in cash apiece and 0.0028 new Cicor shares.

Implications for Shareholders

($1 = 0.7451 pounds)

(Reporting by Yamini Kalia in Bengaluru; Editing by Rashmi Aich)

Key Takeaways

  • Cicor Technologies to acquire TT Electronics for $385 million.
  • TT Electronics shareholders to receive cash and Cicor shares.
  • Deal values TT Electronics at 287 million pounds.
  • Acquisition impacts UK and Swiss financial markets.
  • Exchange rate: $1 equals 0.7451 pounds.

Frequently Asked Questions

What is a merger?
A merger is a business transaction where two companies combine to form a single entity, often to enhance competitiveness, increase market share, or achieve economies of scale.
What are corporate bonds?
Corporate bonds are debt securities issued by companies to raise capital. Investors receive periodic interest payments and the principal amount back at maturity.
What is an acquisition?
An acquisition occurs when one company purchases another company, either by buying its shares or assets, to gain control and enhance its business operations.
What is a shareholder?
A shareholder is an individual or institution that owns shares in a company, entitling them to a portion of the company's profits and voting rights in corporate decisions.
What is cash management?
Cash management refers to the process of collecting, managing, and investing cash to ensure a company has sufficient liquidity to meet its obligations.

Tags

Related Articles

Image for Trump says he speaks with Putin and Zelenskiy -Fox News

Trump says he speaks with Putin and Zelenskiy -Fox News

Image for Trump tells Fox News Iran can call US if it wants to negotiate

Trump tells Fox News Iran can call US if it wants to negotiate

Image for Australia's Wong to visit Japan, China, South Korea to discuss energy security

Australia's Wong to visit Japan, China, South Korea to discuss energy security

Image for Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week

Hungary's Magyar to meet EU's von der ​Leyen for talks on EU funds this week

Image for Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims

Switzerland angers Italy by claiming costs of treating Crans-Montana fire victims

Image for Russian defence minister visits North Korea

Russian defence minister visits North Korea

More from Finance

Explore more articles in the Finance category

Image for Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says
Fertiliser plant in Russia's Vologda region damaged in Ukrainian drone attack, governor says
Image for Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Close Brothers will not take legal action against Britain's car finance redress scheme, Sky News reports
Image for Germany's far-right AfD rises to record 28%, INSA poll shows
Germany's far-right AfD rises to record 28%, INSA poll shows
Image for German government suspects Russia of Signal attack targeting politicians, sources say
German government suspects Russia of Signal attack targeting politicians, sources say
Image for Romania finds parts of second drone after overnight Russian attack on Ukraine
Romania finds parts of second drone after overnight Russian attack on Ukraine
Image for China condemns EU's inclusion of Chinese entities in sanctions package against Russia
China condemns EU's inclusion of Chinese entities in sanctions package against Russia
Image for Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Russian parliament speaker in North Korea to mark Pyongyang's troop deployment in Ukraine war
Image for Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages
Macron reaffirms efforts to reopen Strait of Hormuz, as TotalEnergies warns of energy shortages
Image for France's Macron says EU mutual assistance clause is unambiguous
France's Macron says EU mutual assistance clause is unambiguous
Image for US to let Venezuela pay Maduro's lawyer in drug trafficking case
US to let Venezuela pay Maduro's lawyer in drug trafficking case
Image for Italy votes down equal parental leave while fathers redefine their role online
Italy votes down equal parental leave while fathers redefine their role online
Image for German auto industry faces even tougher competition as China economy slows
German auto industry faces even tougher competition as China economy slows
View All Finance Posts