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, representing a LOGIN discount to the 13.0x average currently observed in the TMT (Tech, Media, Telecom) sector.

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