discoverIE Group completed the acquisition of Keymat Technology for £7.7m.

discoverIE Group, a designer and manufacturer of electronic components, completed the acquisition of Keymat Technology, a maker of assistive human‑machine interface electronic products, for £7.7m. “Three of our four operating units (sensing, connectivity and magnetics) have now returned to good levels of organic growth after a period of significant customer destocking. Controls, which comprises typically later-cycle businesses, is expected to follow. We remain focused on generating good organic growth through the cycle, with a healthy pipeline of design wins. Additionally, we have numerous acquisition opportunities in development, including our most recent signed bolt-on transaction, Keymat," Nick Jefferies, discoverIE Group Chief Executive.