DiscoverIE acquires German sensor manufacturer Burster Group for €30.6 million

LONDON: DiscoverIE Group plc, a leading international designer and manufacturer of customized electronics, has announced the acquisition of German-based specialist sensor manufacturer Burster Group for €30.6 million (£25.9 million) in an initial cash consideration. The deal will be funded from DiscoverIE’s existing debt facilities and includes an earn-out of up to €12.4 million (£10.5 million),…