discoverIE has announced the acquisition, subject to certain regulatory approvals, of Trival Antene, a Slovenian-based designer and manufacturer of communication antennas and masts for defence and professional applications. The initial cash cost is £39.9m (representing 9.5x EV/EBIT), with £1.5m deferred to 12 months from completion (subject to conditions) and an earn-out of £4.8m subject to growth and performance conditions up to FY28E. discoverIE currently owns two antenna businesses that are f ....
