Announced

Completed

discoverIE completed the acquisition of Antenova for £18.2m.

Synopsis

discoverIE, an international designer and manufacturer of customized electronics, completed the acquisition of Antenova, a designer and manufacturer of antennas and radio frequency modules, for £18.2m. "The earnings accretive acquisitions of Beacon EmbeddedWorks and Antenova continue our strategy of building a high quality, high margin international group that designs and manufactures differentiated and customised electronics. Both Beacon and Antenova have long established track records of supplying high quality products, mostly into our core target markets, and are therefore well-positioned to exploit a range of growth opportunities. We are delighted to welcome the businesses and all their employees into the Group," Nick Jefferies, discoverIE Group Chief Executive.

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