Announced
Financials
Tags
antenna solutions
Acquisition
Majority
Pending
Single Bidder
Slovakia
Electronic Components and Equipment
Cross Border
Private
Friendly
Synopsis
discoverIE, a specialised electronic components manufacturer, agreed to acquire 2J Antennas Group, an antenna solutions casting supplier, for £45m. "The acquisition of 2J 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 will be accretive to both underlying earnings and margins," Nick Jefferies, discoverIE Group CEO.
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