Announced
Financials
Tags
Private
Pending
hmi interface
holding company
Acquisition
Electronic Components and Equipment
components supplier
Software
Asset Managers and Custodians
Friendly
United Kingdom
Majority
Single Bidder
Synopsis
discoverIE Group, which designs, manufactures, and supplies components for electronic applications, agreed to acquire Cursor Controls Group, which is a designer and manufacturer of human to machine interface via the purchase of Castlegate 737, a holding company of Cursor Controls Group for £19m ($24.4m). "The acquisition of Cursor Controls continues our strategy of building a differentiated, international, growth-focused electronics Group with higher operating margins. Cursor Controls has a well-established track record of supplying high-quality trackballs, trackpads and rugged keyboards internationally and into growth markets. They will gain access to our wider base of customers and with it, new sales opportunities. We are delighted to welcome them and all their employees into discoverIE Group," Nick Jefferies, discoverIE Group Chief Executive.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.