Who owns HOBART ELECTRONICS?

HOBART ELECTRONICS has been 100% owned by DISCOVERIE GROUP since April 2019.

At what enterprise value was HOBART ELECTRONICS acquired in 2019?

During the acquisition of HOBART ELECTRONICS by DISCOVERIE GROUP in 2019, the transaction's Enterprise Value is estimated to be in the range of 10M - 30M USD.

What was the EV/EBITDA of HOBART ELECTRONICS when it was acquired by DISCOVERIE GROUP?

The estimated EV/EBITDA multiple for HOBART ELECTRONICS is in the range of 5x - 12x.

When was HOBART ELECTRONICS acquired by DISCOVERIE GROUP?

HOBART ELECTRONICS was acquired by DISCOVERIE GROUP in 2019.

What was the revenue of HOBART ELECTRONICS at the time of the deal?

The revenue of HOBART ELECTRONICS at the time of the deal is estimated to be in the range of 5M - 25M USD.

What was the EBITDA of HOBART ELECTRONICS during the acquisition?

HOBART ELECTRONICS's EBITDA is estimated to be in the range of 0M - 5M USD.

How is the data for the HOBART ELECTRONICS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the HOBART ELECTRONICS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.discoverieplc.com/news-centre/news/news-details/2019/Acquisitions-of-Hobart-Electronics-and-Positek-Limited-04-16-2019/default.aspx

What is the average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026?

The average EV/EBITDA multiple for the TMT (Tech, Media, Telecom) sector in 2026 is 15.1x.

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Home Database TMT (Tech, Media, Telecom)HOBART ELECTRONICS

04/2019

HOBART ELECTRONICS acquired by DISCOVERIE GROUP

UNITED STATES Hardware & Electronics / Electronic Components / Sensors & Optics EV 10M - 30M USD

Context

discoverIE Group plc has acquired 100% of the US-based company Hobart Electronics as part of a dual acquisition strategy that also included the British firm Positek. The strategic rationale for the acquisition is to strengthen discoverIE’s Design & Manufacturing (D&M) division and expand its geographic reach in the North American market. Hobart’s expertise in custom magnetic components perfectly aligns with discoverIE’s focus on high-margin, application-specific electronics for industrial sectors. By integrating Hobart’s engineering and manufacturing capabilities, discoverIE enhances its ability to serve international OEMs and increases the proportion of its revenue generated from outside Europe. This bolt-on acquisition is consistent with the group's long-term strategy of consolidating niche electronic specialists to drive underlying earnings growth.

HOBART ELECTRONICS, which reported an EBITDA margin of in 2018, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the TMT (Tech, Media, Telecom) sector (15.1x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Hobart Electronics is a US-based designer and manufacturer of customized electronic components, specifically focusing on transformers, inductors, and magnetic modules. The organization provides application-specific solutions tailored to the needs of industrial original equipment manufacturers (OEMs). With its specialized engineering capabilities, the entity develops components that meet precise customer requirements for ongoing production cycles. Its product portfolio is essential for managing power and signals in various electronic applications. By focusing on high-quality, customized products, the group maintains long-term customer relationships and generates a high level of recurring revenue. The firm is recognized for its technical expertise in magnetic technologies, serving as a critical supplier within the North American industrial electronics supply chain.

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Similar deals in Hardware & Electronics

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
10/2019	DISCOVERIE GROUP	SENS-TECH	UNITED KINGDOM	Sensors & Optics
10/2019	NANOMETRICS INCORPORATED	RUDOLPH TECHNOLOGIES	UNITED STATES	Semiconductors
04/2019	DISCOVERIE GROUP	POSITEK	UNITED KINGDOM	Sensors & Optics
03/2019	LBO FRANCE	GROUPE PASSMAN	FRANCE	IT Equipment
05/2018	THE CARLYLE GROUP	HGH SYSTÈMES INFRAROUGES	FRANCE	Sensors & Optics
12/2017	LBO FRANCE	CROUZET	FRANCE	Sensors & Optics
10/2016	CHARTERHOUSE	SAGEMCOM	FRANCE	IoT & Connected Objects
10/2016	ANDERA PARTNERS	ACB GROUP	BELGIUM	Electronic Components
06/2015	ALLEGION	SIMONSVOSS TECHNOLOGIES	GERMANY	IoT & Connected Objects
05/2014	ANDERA PARTNERS	GROUPE PASSMAN	FRANCE	IT Equipment

REFERENCES

Valuation range: EV 10M - 30M USD

Revenue range: 5M - 25M USD

EBITDA range: 0M - 5M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HOBART ELECTRONICS by DISCOVERIE GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: discoverie group