Swiss Lions rankings | 2026 edition
Cicor
Cicor is No. 8 in the Technology and Software ranking, with a score of 31.8 out of 100. It is not among the Swiss Lions 100 for 2026. Registered office: Boudry, canton of Neuchâtel.
- Swiss Lions score
- 31.8
- Swiss Lions 100
- Not in the 100 for 2026
- Technology and Software
- 8of 15
About
Swiss electronics manufacturing services group, headquartered in Boudry with management in Bronschhofen, supplying printed circuit boards, substrates and electronic assemblies from sites in 14 countries.
Cicor provides electronic manufacturing services and advanced substrates to industrial customers. Its offer covers engineering services, electronic manufacturing services, precision plastics, and advanced printed circuit boards and thin-film substrates. In 2025 industrial applications accounted for 38.5% of sales, aerospace and defence for 25.7% and medical technology for 19.2%. The group grew rapidly through acquisitions in 2025, including Profectus in Germany, Éolane in France and Morocco, MADES in Spain and Valtronic sites in the United States and Morocco, lifting sales to CHF 616.5 million. It is present in 14 countries and employed 424 people in Switzerland at the end of 2025.
- Electronic manufacturing services (EMS)
- Engineering services
- Advanced printed circuit boards and substrates
- Thin-film technology
- Precision plastics
Links
How the score is made
Global scale
CHF 617m revenue.
Swiss value
Partly Swiss made.
Global visibility
Online attention across languages, and worldwide search interest.
Impact
No current SBTi target. Not a certified B Corp.
Philanthropy
No charitable foundation found.
Impact and philanthropy together make up the impact measure. How the ranking works.
Key figures
- Revenue used in the ranking
- CHF 617m2025, company
- Employees in Switzerland
- 424Headcount, 31 December 2025. Source
Shares and listing
- Stock exchange
- SIX Swiss ExchangeTicker CICN
- ISIN
- CH0008702190
- Market value
- CHF 561 millionAt the close on 23 October 2026. Source: stockanalysis.com.
- Free float
- 51.5%Shares not held by large long-term shareholders. Source: in.marketscreener.com.
Profit, dividends and employee numbers are published in the company's annual report.
Dividends paid to Swiss shareholders are not published, so they are not shown.
Profile
- Registered office
- BoudryCanton of Neuchâtel
- Language region
- French-speaking
- Category
- Technology and Software
- Ownership
- Listed, largest shareholder OEP Capital Advisors
- Chief executive
- Alexander HagemannSource
- Chair
- Daniel FrutigSource
- Global reach
- Present in 14 countriesSource
- Founded
- 1966
In Switzerland
- Boudry NERegistered office and printed circuit board production
- Bronschhofen SGGroup management (Cicor Management AG)
- Wangs SGThin-film production
- Plan-les-Ouates GEElectronics manufacturing (acquired 2025, being relocated by end-2026)
424 employees in Switzerland (31 December 2025).
Over time
| Year | Net sales | Employees |
|---|---|---|
| 2025 | CHF 617m | 4,524 FTE |
| 2024 | CHF 481m | 3,309 FTE |
| 2023 | CHF 390m | 2,551 FTE |
| 2022 | CHF 313m | – |
As reported by the company, in its own reporting currency.
Milestones
- 2017New corporate strategy launches a period of growth through acquisitions.
- 2025Acquires Profectus, Éolane activities, MADES and Mercury Systems' Geneva site.
- 2025Proposed takeover of TT Electronics lapses after missing the 75% shareholder threshold.
- 2025Sales reach CHF 616.5 million, up 28% on 2024.
Also in Technology and Software
See all 15 brands in Technology and Software. Read the 2026 data story for Technology and Software.
Sources
- Revenue used in the ranking: boerse-online.de (2025).
- Company profile, sites, history and milestones: report.cicor.com.
- Climate target: Science Based Targets initiative dashboard, status at 30 June 2026. Foundations: Swiss commercial register. B Corp: B Lab directory.
Something out of date?
If a figure is wrong, or Cicor can publish figures for the next edition, tell us. Corrections are recorded with their source.