Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDiscoverIE Company Research (DSCV)

Share Price Information for DiscoverIE (DSCV)

Share Price is delayed by 15 minutes
Get Live Data
685.00    0.00 (0.00%)
Bid:
0.00
Ask:
0.00
Spread: 3.00 (0.439%)
Market Cap: £665.28m
DSCV Live PriceLast checked at - London Stock Exchange

Intraday DiscoverIE Share Chart

Acquiring German sensor business

Fri, 17th Jan 2025 09:22

After a series of smaller acquisitions in CY24, discoverIE has acquired Burster Group, a German-based sensor business, for cash of €30.6m/Β£25.9m. Generating operating margins above the group target of 15%, Burster will join the Sensing cluster within Sensing & Connectivity. discoverIE estimates the deal will be earnings accretive for FY26; we upgrade our FY26 underlying diluted EPS by 1.3%. Pro forma gearing of 1.6x at the end of FY25 sits at the lower end of the 1.5–2.0x target range, leaving further headroom for future deals.

More Research