Cicor agrees to buy EDMI’s Malaysia manufacturing unit for USD 15 million-20 million

Reuters2026/07/28 06:31

By:Reuters

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Cicor Technologies SA agreed to buy EDMI’s Johor, Malaysia manufacturing subsidiary, EDMI Electronics, as part of a long-term outsourcing partnership.
Purchase price set at about USD 15-20 million, covering shares, manufacturing assets, inventory, subject to closing adjustments.
Partnership targets annual revenue for Cicor above USD 50 million, with third-party revenue contribution starting at closing expected in Q4 2026.
Cicor to become global manufacturing partner for most EDMI smart meters; EDMI retains product development, quality standards, customer support.
Johor site to serve as APAC final-assembly hub; PCB assemblies planned for Ho Chi Minh City and Dongguan sites.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cicor Technologies SA published the original content used to generate this news brief via EQS News (Ref. ID: adhoc_2372218_en) on July 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cicor agrees to buy EDMI’s Malaysia manufacturing unit for USD 15 million-20 million

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