discoverIE acquires antenna maker Trival Antene for over EUR45 million

(Alliance News) - discoverIE Group PLC on Thursday announced the acquisition of antenna manufacturer Trival Antene doo for an initial cash consideration of EUR45.5 million.

The Surrey, England-based designer and manufacturer of electronic components said the initial cash consideration is on a debt free, cash free basis before expenses and will be funded from its existing debt facilities.

A deferred consideration of up to EUR1.7 million will be payable subject to certain conditions, as well as an earn-out of up to EUR5.5 million, which is subject to Trival achieving certain growth and performance conditions in the period to the end of March 2028.

Trival is a Slovenia-based designer and manufacturer of communication antennae and masts used for defence and professional applications.

The company will maintain its current management and join discoverIE's Connectivity operating unit within the Sensing & Connectivity division, discoverIE said.

The company said the acquisition is subject to receipt of regulatory approvals with completion expected by the end of this financial year.

"The acquisition of Trival continues our strategy of building a differentiated, international, growth-focused electronics group with strong operating margins and will be accretive to both the group's adjusted earnings and operating margin on completion," said Chief Executive Nick Jefferies.

"This transaction brings another high-quality business into discoverIE and is our first which is focused mainly on our security target market. We welcome the team and very much look forward to working with them."

Shares in discoverIE rose 2.5% to 598.61 pence on Thursday afternoon in London.

By Roya Shahidi, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2025 Alliance News Ltd. All Rights Reserved.

DiscoverIE