Announced
Financials
Tags
Acquisition
Electronic Components and Equipment
United States
electronics manufacturer
Majority
Private
Pending
Single Bidder
Cross Border
Friendly
Synopsis
discoverIE Group, a specialised electronic components manufacturer, agreed to acquire Magnasphere, an electrical, and electronics manufacturer, for $22m. "This acquisition of Magnasphere continues our strategy of building a differentiated, international, growth focused electronics Group with strong operating margins. The transaction brings another high quality business into discoverIE, which is accretive to both underlying earnings and margins, and strengthens our US footprint," Nick Jefferies, discoverIE Group CEO.
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