discoverIE Group to acquire Cursor Controls Group via purchase of Castlegate 737 for £19m

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.