discoverIE has announced the acquisition of Limitor, a designer and manufacturer of thermal safety components and sensors, for €14.5m. It is subject to regulatory approvals, which are expected during the final quarter of this financial year, and will operate within the group’s Variohm cluster of specialist sensor businesses. With an operating margin of 21%, it is a high value-add business and is expected to enhance group underlying earnings and margins. We have upgraded FY 2022E EPS by 2.5%, rai ....
