discoverIE has announced the acquisition of Sens-Tech for an initial cash consideration of £58m, partially funded by a £33m placing at 415p per share. Sens-Tech designs and manufactures specialist sensing technology and fits with discoverIE’s strategy to buy businesses supplying niche, highly customised products for critical applications. The business increases the group’s international revenues and boosts its presence in target markets such as transportation and healt
21 Oct 2019
discoverIE Group - High-margin sensor technology acquisition
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discoverIE Group - High-margin sensor technology acquisition
discoverIE Group PLC (DSCV:LON) | 761 144.6 2.6% | Mkt Cap: 726.4m
- Published:
21 Oct 2019 -
Author:
Katherine Thompson -
Pages:
5
discoverIE has announced the acquisition of Sens-Tech for an initial cash consideration of £58m, partially funded by a £33m placing at 415p per share. Sens-Tech designs and manufactures specialist sensing technology and fits with discoverIE’s strategy to buy businesses supplying niche, highly customised products for critical applications. The business increases the group’s international revenues and boosts its presence in target markets such as transportation and healt