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discoverIE Group (DSCV) - Expanding margins and international exposure

15:46 EDT 25 Oct 2018 | Edison Investment Research

Edison Investment Research - Electronics & Electrical Equipment - discoverIE Group: discoverIE has acquired Cursor Controls Group, a UK-based designer and manufacturer of human-to-machine interface products for £19m in initial cash consideration. Management expects the deal to be immediately earnings enhancing and to boost group operating margins. This acquisition follows the group’s strategy to build the Design & Manufacturing (D&M) business and to grow the proportion of international revenues.
ISIN: GB0000055888

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