discoverIE Group

From Wikipedia, the free encyclopedia

discoverIE Group plc
TypePublic
  • LSE: DSCV
  • FTSE 250 component
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)
RevenueDecrease £454.3 million (2021)[1]
Decrease £20.7 million (2021)[1]
Decrease £12.0 million (2021)[1]
Number of employees
4,400 (2021)[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]

References[]

  1. ^ a b c d "Preliminary Results". Discoverie Group plc. Retrieved 5 August 2021.
  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.

External links[]

Retrieved from ""