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),…
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discoverIE sells South African distribution business, Vertec Scientific
LONDON, UK: discoverIE Group plc announced the sale of its 100% owned South African distribution business, Vertec Scientific SA Proprietary Limited. discoverIE is a leading international designer, manufacturer and supplier of customised electronics to industry. Vertec SA, which is part of the Custom Supply division, is an importer and supplier of medical equipment and related…