Cicor Technologies Ltd. announces its firm intention to make an offer for UK-based TT Electronics PLc supported by the TT Electronics Board of Directors

Cicor Technologies Ltd / Key word(s): Mergers & Acquisitions Cicor Technologies Ltd. announces its firm intention to make an offer for UK-based TT Electronics PLc supported by the TT Electronics Board of Directors 30-Oct-2025 / 07:25 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR

Bronschhofen, 30 October 2025 – Cicor (SIX Swiss Exchange: CICN) is a globally active provider of full-cycle electronic solutions (EMS) for the healthcare technology, industrial, and aerospace & defense sectors. TT is a UK-based, London Stock Exchange-listed global provider of engineered electronics for performance critical applications. Today, Cicor announced its firm intention to acquire TT. Under the terms of the offer, TT shareholders will receive 100 pence in cash and 0.0028 Cicor shares per TT share, representing 55 pence based on Cicor’s share price as at 29 October 2025. The total transaction equity value amounts to approximately CHF 303 million (equivalent to £ 287 million). The Board of Directors of TT has expressed its unanimous support for the offer. TT shareholders are expected to vote on the transaction in December 2025.

If TT shareholders approve the offer from Cicor to be implemented by a scheme of arrangement in the UK and the other conditions to the transaction are satisfied, this will pave the way for the creation of the largest, pure play, global EMS business in the high mix, low volume segment. The strength of TT’s capabilities as an EMS provider, together with engineering of power systems and manufacturing of custom components (cable assemblies, magnetic components and human machine interfaces), as well as the highly strategic fit across focused end applications, make TT a strategic partner for Cicor.

The acquisition fits squarely with Cicor’s long-term strategy: to grow in the fragmented high mix low volume EMS sector through innovation, to grow customer partnerships in key geographies and significant growth sectors, and to build a differentiated, high-value electronics group focused on demanding stringent specifications and complex technical applications.