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

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