Cicor Technologies Ltd. (SWX:CICN) agreed to acquire STS Defence Ltd from Key Technologies Ltd on October 18, 2023. STS Defence generated sales of GBP 27.5 million in the fiscal year ended on June 30, 2023. Closing of the transaction is subject to regulatory approvals and other customary closing conditions, and is expected to close within 2023. The closing of the acquisition will have a positive impact on Cicor Group's EBITDA margin by approximately 0.4 percentage points. Dan Nixon, Sacha Alam, Trevor Ling, Jamie Mcleod, Ajay Raval and Sebastian Harding of Crowe U.K. LLP acted as financial and tax due diligence provider to Cicor Technologies Ltd.

Cicor Technologies Ltd. (SWX:CICN) completed the acquisition of STS Defence Ltd from Key Technologies Ltd on January 24, 2024.