A&O Shearman advises TT Electronics on recommended GBP287 million takeover offer from Cicor Technologies

A&O Shearman represented TT Electronics plc in relation to the recommended cash-and-share offer announced by Cicor Technologies Ltd. The recommended offer from Cicor values TT at GBP287 million. The transaction, comprising cash and share consideration, is expected to complete in the first half of 2026 and remains subject to customary regulatory clearances and approval by TT’s shareholders. TT Electronics plc, listed on the main market of the London Stock Exchange, is a global provider of engineered electronics for performance-critical applications, serving market-leading customers across healthcare, aerospace and defence, and automation and electrification. Its portfolio includes power management devices, sensors and connectivity solutions designed and manufactured for harsh environments and regulated sectors. Cicor Technologies Ltd is a global provider of full-cycle electronic solutions, from research and development to manufacturing and supply-chain management, serving customers in the healthcare and medical, industrial, and aerospace and defence industries. Cicor’s shares are listed on the SIX Swiss Exchange. The transaction marks a further chapter in A&O Shearman’s long-standing relationship with TT, which has previously included advising on the disposal of TT’s Transportation Sensing and Control division and on TT’s public takeover of Stadium Group plc. A&O Shearman represented client TT Electronics plc with a team composed by: Annabelle Croker, Partner, M&A; Matthew Hamilton-Foyn, Partner, M&A; Anthony Bowen, Senior Associate, M&A; Gina Malone, Senior Associate, M&A; Maryam Usman, Associate, M&A; Charles Ashie, Associate, M&A; Lewis Devonald, Associate, M&A; trainees James Dickinson, Yasmine Chbary and Callum Donnelly; Mahesh Varia, Partner, Incentives; Betty Lorimer, Associate, Incentives; Tom Masterman, Partner, Antitrust and FDI; Alexander Westin-Hardy, Associate, Antitrust and FDI; Tim Harrop, Partner, Tax; Maria Clezy, Associate, Tax.

A&O Shearman advises TT Electronics on recommended GBP287 million takeover offer from Cicor Technologies

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