BRONSCHHOFEN, SWITZERLAND – An affiliate of US investment firm One Equity Partners will make a cash offer of CHF84.6 million ($96.3 million) to take over Cicor, the company announced.

Cicor said OEP 80 BV will make a mandatory offer after its ownership in the Swiss electronics manufacturer crossed the 33.3% threshold in November.

"The offeror is conducting the offer due to exceeding the threshold of ownership, triggering a mandatory offer," Cicor said in a regulatory statement to the stock exchange.

OEP will offer to acquire all the shares in Cicor that it does not already own at CHF55.17 each, which is the minimum offer and is 7.12% below the last closing price on Monday.