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discoverIE Group plc ( (GB:DSCV) ) just unveiled an announcement.
discoverIE Group plc has announced the acquisition of Burster Group, a German specialist sensor manufacturer, for an initial €30.6m, with the potential for additional earn-out payments. This acquisition is part of discoverIE’s strategy to expand its international presence and enhance its offerings in the high-performance, custom sensing market. Burster will join discoverIE’s Sensing cluster, benefiting from the group’s broad customer base and expertise. This move is expected to be accretive to earnings and operating margins, supporting discoverIE’s growth-focused approach and positioning it strongly in markets such as the Industrial Internet of Things, medical equipment, and robotics.
More about discoverIE Group plc
discoverIE Group plc is an international designer and manufacturer of customized electronic components for industrial applications, focusing on sectors such as medical, transportation electrification, renewable energy, security, and industrial automation & connectivity. The company operates through its two divisions, Magnetics & Controls, and Sensing & Connectivity, providing application-specific components to OEMs. It is listed on the London Stock Exchange and is a member of the FTSE 250.
YTD Price Performance: -13.71%
Average Trading Volume: 232,412
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £590.3M
For detailed information about DSCV stock, go to TipRanks’ Stock Analysis page.
