discoverIE has acquired Cursor Controls Group, a UK-based designer and manufacturer of human-to-machine interface products for £19m in initial cash consideration. Management expects the deal to be immediately earnings enhancing and to boost group operating margins. This acquisition follows the group’s strategy to build the Design & Manufacturing (D&M) business and to grow the proportion of international revenues.
25 Oct 2018
discoverIE Group - Expanding margins and international exposure
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discoverIE Group - Expanding margins and international exposure
discoverIE Group PLC (DSCV:LON) | 718 0 0.0% | Mkt Cap: 685.9m
- Published:
25 Oct 2018 -
Author:
Katherine Thompson -
Pages:
3
discoverIE has acquired Cursor Controls Group, a UK-based designer and manufacturer of human-to-machine interface products for £19m in initial cash consideration. Management expects the deal to be immediately earnings enhancing and to boost group operating margins. This acquisition follows the group’s strategy to build the Design & Manufacturing (D&M) business and to grow the proportion of international revenues.