discoverIE Group plc has acquired 100% of Xi-Tech Limited and its subsidiary Sens-Tech Limited. The deal includes a further contingent cash consideration of up to 12.0 million GBP, payable over a three-year period subject to specific profit growth targets. To support the transaction and maintain its balance sheet strength, discoverIE launched a proposed placing of new ordinary shares to raise gross proceeds of approximately 33 million GBP. The strategic rationale for the acquisition is to enhance the Group's underlying operating margins and expand its international footprint, particularly in North America and Asia. Sens-Tech’s specialized sensing modules for medical and security markets align with discoverIE’s focus on high-growth, long-life cycle industrial applications. The acquisition is expected to be immediately accretive to underlying EPS.

The transaction values SENS-TECH at an EV/Revenue multiple of LOGIN.

This transaction is part of the TMT (Tech, Media, Telecom) industry, which currently tracks an average EBITDA multiple of 13.0x since the beginning of 2026, 14.6% decrease compared to 2025. This data is based on the contribution of our growing community, composed of M&A and private equity professionals.