IRIS CF acted as advisor to Santon Group in selling 100% of shares to discoverIE Group PLC
discoverIE buys Dutch solar power components specialist Santon. In this transaction, IRIS CF advised and acted on behalf of the seller in the entire transaction process.
Santon Group is a Dutch designer and manufacturer of custom switches for electronic applications and based in Rotterdam.
For more information, please see: www.santonswitchgear.com
discoverIE Group PLC
discoverIE is an international group of businesses that designs, manufactures and supplies innovative components for electronic applications.
The company provides application-specific components to original equipment manufacturers (“OEMs”) internationally. With in-house engineering capability, the company designs components to meet customer requirements, which are then manufactured and supplied, usually on a repeating basis, for their ongoing production needs. This generates a high level of recurring revenue and long term customer relationships.
By focusing on key markets which are driven by structural growth and increasing electronic content, namely renewable energy, transportation, medical and industrial connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with targeted complementary acquisitions.
The Group employs approximately 3,800 people and its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India and North America.
The Group is listed on the Main Market of the London Stock Exchange and is a member of the FTSE Small Cap Index, classified within the Electrical Components and Equipment subsector, and has revenue of approx. £400M. Over the last five years, revenue and underlying earnings per share have doubled.
For more information, please see: www.discoverieplc.com