discoverIE has made a small bolt-on acquisition within its Sensing & Connectivity division for £5m in cash. CDT, a high-margin business, provides cross-selling opportunities and should support more complex integrated designs within the Contour business cluster. We estimate the deal is earnings accretive, upgrading our underlying EPS forecasts by 1.0% in FY23 and 1.2% in FY24.
07 Jul 2022
discoverIE Group - Bolt-on Sensing & Connectivity acquisition
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discoverIE Group - Bolt-on Sensing & Connectivity acquisition
discoverIE Group PLC (DSCV:LON) | 710 -56.8 (-1.1%) | Mkt Cap: 677.7m
- Published:
07 Jul 2022 -
Author:
Katherine Thompson -
Pages:
4
discoverIE has made a small bolt-on acquisition within its Sensing & Connectivity division for £5m in cash. CDT, a high-margin business, provides cross-selling opportunities and should support more complex integrated designs within the Contour business cluster. We estimate the deal is earnings accretive, upgrading our underlying EPS forecasts by 1.0% in FY23 and 1.2% in FY24.