POSITEK acquired by DISCOVERIE GROUP
Context
DiscoverIE Group plc has acquired 100% of the UK-based company Positek. The strategic rationale for the acquisition is to strengthen discoverIE’s portfolio of high-precision sensors and expand its reach into international markets requiring ruggedized electronics. By integrating Positek, discoverIE gains access to specialized sensor technologies and expertise while offering the target access to its broader customer base and cross-selling opportunities. The group intends to leverage its international sales network to accelerate Positek's growth and benefit from the efficiencies provided by its manufacturing capabilities. This bolt-on acquisition aligns with discoverIE's strategy of consolidating niche electronic specialists to drive higher margins and long-term customer relationships.
POSITEK, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Positek is a UK-based designer and manufacturer of rugged, high-precision linear, rotary, tilt, and submerged sensors. The organization specializes in contactless sensor technology, providing reliable measurement solutions for harsh environments across international markets. Its products are utilized in diverse industrial applications where durability and accuracy are critical. With its own specialized manufacturing capabilities, the entity develops custom-made sensors tailored to specific customer requirements. The group maintains a long-standing track record of delivering high-quality electronic components, serving a global client base. Its technology is a key enabler for automation and position monitoring in demanding sectors, benefiting from the increasing need for high-performance sensing in industrial machinery.
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Historical Financials (GBP)
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REFERENCES
Valuation range: EV 0M - 15M GBP
Revenue range: 0M - 5M GBP
EBITDA range: 0M - 5M GBP
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Press release: view release
Target: positek
Acquirer: discoverie group