STS Defence Limited is pleased to announce that it has been acquired by The Cicor Group (Swiss Exchange: CICN).

STS Defence is a UK-based technology and engineering company specializing in mission-critical, secure communications and networks, electronic warfare and control and instrumentation systems. STS Defence operates primarily in the naval and air defense markets, helping customers resolve complex technical challenges by delivering innovative solutions and by designing, assembling and supporting their equipment and systems. The company provides sustainment, support and modernization solutions supporting these technical domains.

Cicor is one of Europe’s fastest growing manufacturers of high-reliability electronics for defense and aerospace, medical and industrial applications. As part of Cicor, STS Defence will bring industry-leading expertise in mission-system manufacturing, modernization and sustainment of defense and aerospace solutions.

About Philpott Ball & Werner (“PB&W”)

Founded in 1991, PB&W is a specialized investment bank that advises aerospace, defense, intelligence, industrial, medical and technology businesses in mergers, acquisitions, company sales and divestitures as well as providing fairness opinions and select private placements. PB&W serves North America, the United Kingdom and the European Union with offices located in greater Boston and Charlotte.  To learn more about PB&W, please visit