India, April 15 -- Mercury Systems, Inc. (MRCY), a technology company, announced on Tuesday that it has inked a strategic agreement through which Cicor Group (CICN.SW), a Swiss provider of full-cycle electronic solutions, will acquire its manufacturing operation in Plan-Les-Ouates, Switzerland. Further, Cicor will supply Mercury with electronic products over the next five years to support European Defense.
With an expectation for increased demand for commercial defense products, Mercury will transition its Swiss electronic board manufacturing operations to Cicor.
This will allow Mercury's facilities in Switzerland, Spain, and the UK to focus on their core competencies of engineering design and systems integration, which is expected to dri...