CMS advised The Cicor Group on acquisition of Evolution Medtec Srl in Romania
International law firm CMS has advised The Cicor Group (Cicor), one of Europe’s fastest-growing developers and manufacturers of high-reliability electronics for the medical, industrial, aerospace and defence markets, on its acquisition of 100% of the shares of Romanian engineering company, Evolution Medtec SRL.
This new acquisition significantly strengthens Cicor’s engineering capabilities in the Medtech sector, and creates one of the strongest R&D platforms in the European EMS industry.
CMS Corporate Partner, Horea Popescu, commented: “The successful completion of this transaction marks a significant milestone in Cicor’s journey, reinforcing its position as a key player in the European EMS industry. We are pleased to have supported our client, leveraging our wide-ranging expertise in transactions of this nature. We are confident that this strategic alliance will open new avenues for innovation and growth.”
Elena Andrei, Senior Associate in the Corporate & M&A practice at CMS, added: “It has been a pleasure to play a key role on this deal, which has helped to solidify Cicor’s strong position in the Medtech sector. We look forward to witnessing Cicor’s continued growth.”
The CMS team was led by Elena Andrei (Corporate & M&A) and Horea Popescu (Corporate & M&A). The wider team included Rares Crismaru, Simona Strava, Rebeca Vladislav (Corporate & M&A); Claudia Nagy, Oana Chivu (Competition); Laura Grigore (Regulatory); Carmen Turcu (Intellectual Property); and Andrei Tercu (Tax). Support was also provided by CMS Germany, led by Maxine Notstain and Dr. Hendrik Hirsch (Corporate & M&A).
CMS
Founded in 1999, CMS is an integrated, multi-jurisdictional organisation of law firms that offers full-service legal and tax advice. With 80 offices in 45 countries across the world and more than 5,000 lawyers, CMS has long-standing expertise both in advising in its local jurisdictions and across borders. From major multinationals and mid-caps to enterprising start-ups, CMS provides the technical rigour, strategic excellence and long-term partnership to keep each client ahead in its chosen markets.
The CMS member firms provide a wide range of expertise across 19 practice areas and sectors, including Corporate / M&A, Energy & Climate Change, Funds, Life Sciences & Healthcare, TMC, Tax, Banking & Finance, Commercial, Antitrust, Competition & Trade, Dispute Resolution, Employment & Pensions, Intellectual Property and Real Estate.
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