Merger Links

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

Announced

Transaction 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.

Sources

RNS Announcement

discoverIE

Transaction Value

£45m

Consideration Type

Cash

Capital Owned

+ Add

Capital bid for

100%

EV/Sales

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EV/EBITDA

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Share Price Premium

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Service Providers (1)Dealmakers
Buchanan

pr advisors

Buchanan

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