BRONSCHHOFEN, SWITZERLAND – The Cicor Group has completed its acquisition of MADES S.A.U., a Málaga-based electronics manufacturer formerly owned by the Latecoere Group.

With this move, Cicor builds its presence in the European aerospace and defense (A&D) sector, while making its strategic entry into the Spanish market. MADES, which employs around 100 people and generated EUR 29 million in revenue last year, brings additional capabilities in mission-critical electronics and industrial applications. Cicor emphasized that the acquisition will not affect its yearly sales guidance of CHF 620 to 650 million and is not expected to be impacted by recent US tariff changes.