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CMS Advises Cicor on Purchase of Evolution Medtec

CMS Advises Cicor on Purchase of Evolution Medtec

Romania
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CMS has advised the Cicor Group on its full acquisition of the Evolution Medtec Romanian engineering company.

The Cicor Group is "one of Europe's fastest-growing developers and manufacturers of high-reliability electronics for the medical, industrial, aerospace, and defense markets," according to CMS. "This new acquisition significantly strengthens Cicor’s engineering capabilities in the medtech sector, and creates one of the strongest R&D platforms in the European EMS industry," the firm reported.

Established in Bucharest in 2004, Evolution Medtec is an engineering services provider – electronic, mechanical, software, and optical development – for the medical and industrial markets. In addition to hardware and software development, Evolution Medtec has recently expanded its medical device development services by offering small and medium-series device assembly.

The CMS team was led by Managing Partner Horea Popescu and Senior Associate Elena Andrei and included Senior Counsel Laura Grigore, Counsel Claudia Nagy, Tax Director Andrei Tercu, and Associates Rares Crismaru, Simona Strava, Rebeca Vladislav, Oana Chivu, and Carmen Turcu, with further team members in Germany.

Romanian Knowledge Partner

Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

Firm's website.

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