BRONSCHHOFEN, SWITZERLAND – Cicor will acquire STS Defence, a UK-based provider of sustainment, support and modernization solutions for the aerospace and defense markets.

STS Defence has earned an outstanding decades-long reputation for solving complex technical challenges by delivering innovative solutions and programs, and employs around 150 people, Cicor said in a release announcing the acquisition.

The company said the combination of the strengths of Axis Electronics, which was acquired in 2021, and STS Defence, will ideally position Cicor to implement the most demanding customer programs with a focus on the UK market. STS Defence generated sales of GBP27.5 million ($33.5 million) in the fiscal year ended on June 30.

Cicor said it will continue to provide engineering support and manufacturing services from the existing STS Defence site under the current management team, and closing of the transaction is expected within 2023 and is subject to regulatory approvals and other customary closing conditions.