H2 Equity to acquire Acal BFi from discoverIE for $67m.

H2 Equity, a private equity firm, agreed to acquire Acal BFi, a manufacturer and distributor of electronic components, from discoverIE, an international designer and manufacturer of customised electronics, for $67m. "The group has developed significantly in recent years, with a substantial and higher growth design and manufacturing business becoming the core of operations. The sale of Acal BFi concludes the Group's exit from the business of distribution, with discoverIE becoming solely a global designer and manufacturer of customised electronics with higher operating margins, and provides additional resources to invest further in our growth," Nick Jefferies, discoverIE CEO.