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New Deal


Announced

discoverIE to acquire 2J Antennas Group for £45m.

Financials

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Transaction Value£45m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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antenna solutions

Acquisition

Majority

Pending

Single Bidder

Slovakia

Electronic Components and Equipment

Cross Border

Private

Friendly

Synopsis

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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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