discoverIE Group plc
TypePublic
IndustryElectronic components
Founded1986
HeadquartersGuildford, Surrey, England
Key people
Malcolm Diamond, (Chairman)
Bruce Thompson, (Non-Executive Director)
Nick Jefferies, (CEO)
Simon Gibbins, (CFO)
Greg Davidson, (General Counsel)
RevenueIncrease £379.2 million (2022)[1]
Increase £20.9 million (2022)[1]
Increase £25.2 million (2022)[1]
Number of employees
4,886 (2022)[1]
Websitewww.discoverieplc.com

discoverIE Group plc is an international designer and manufacturer of specialised electronic components for industrial use. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[2]

History

The company was established as a supplier of electronic components known as Acal plc by businessman, John Curry, in 1986.[3][4] Acquisitions have included BFI Optilas, a distributor of electronic and photonic components, for £12.6 million in October 2009[5] and Myrra Group, a manufacturer of magnetic electronic products, for £11.3 million in April 2013.[6] Subsequent acquisitions included Trafo Holding AS, a Norwegian manufacturer of electromagnetic products, for £73.5 million in July 2014[7] and Foss As Fiberoptisk Systemsalg, a fibre optics business, for approximately NOK 140 million in January 2015.[8]

The company changed its name from Acal to discoverIE Group (short for discover Innovative Electronics) in November 2017.[9]

In August 2023, it was announced discoverIE Group had completed the acquisition of the Newport, UK-based power-over-ethernet module manufacturer and designer, Silver Telecom Ltd for £21 million.[10]

In September 2023, it was announced discoverIE Group had acquired the Bardejov-headquartered antenna manufacturer, 2J Antennas Group for £45.0 million.[11]

References

  1. 1 2 3 4 "Annual Report 2022" (PDF). DiscoverIE Group plc. Retrieved 16 February 2023.
  2. ↑ "Aggreko (UK): Constituent Deletion - Update Changes in FTSE UK Index Series". FTSE Russell. 5 August 2021. Retrieved 5 August 2021.
  3. ↑ "Discoverie Group". Companies House. Retrieved 5 August 2021.
  4. ↑ "Curry took advantage of Acal's share price strength". Investors Chronicle. 3 July 2003. Retrieved 5 August 2021.
  5. ↑ "Electronic components manufacturer Acal acquires BFi OPTiLAS in €10 million cash and share deal". Proactive Investors. 30 October 2009. Retrieved 5 August 2021.
  6. ↑ "British co Acal acquires Myrra". Renewables Now. 4 April 2013. Retrieved 5 August 2021.
  7. ↑ "BRIEF-Acal to buy Noratel in rights-issue funded deal". Reuters. 5 June 2014. Retrieved 24 January 2022.
  8. ↑ "Acal increases fibre optics footprint with Norwegian acquisition". Proactiveinvestors UK. 7 January 2015. Retrieved 24 January 2022.
  9. ↑ "DiscoverIE is the new Acal". Proactive Investors. 28 November 2017. Retrieved 5 August 2021.
  10. ↑ "discoverIE completes Silver Telecom acquisition". Proactiveinvestors UK. 31 August 2023. Retrieved 31 August 2023.
  11. ↑ "discoverIE acquires 2J Antennas for £45m, bolstering its industrial wireless connectivity portfolio". Proactiveinvestors UK. 13 September 2023. Retrieved 13 September 2023.
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