discoverIE has made two acquisitions of design and manufacturing (D&M) businesses for a total of £77m in cash. This is in line with the company’s strategy to grow the D&M division and provides scope for cross-selling as well as increasing access to non-European markets. Both acquisitions have high operating margins (20%+), helping the group in its quest to drive underlying operating margins towards its four-year target of 12.5% from last year’s 7.7%. The acquisitions were part-funded by an over- ....
07 Sep 2021
discoverIE Group - High-margin acquisitions
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discoverIE Group - High-margin acquisitions
discoverIE Group PLC (DSCV:LON) | 691 0 0.0% | Mkt Cap: 659.6m
- Published:
07 Sep 2021 -
Author:
Katherine Thompson -
Pages:
5
discoverIE has made two acquisitions of design and manufacturing (D&M) businesses for a total of £77m in cash. This is in line with the company’s strategy to grow the D&M division and provides scope for cross-selling as well as increasing access to non-European markets. Both acquisitions have high operating margins (20%+), helping the group in its quest to drive underlying operating margins towards its four-year target of 12.5% from last year’s 7.7%. The acquisitions were part-funded by an over- ....