Electronics maker discoverIE Group on Wednesday said it had bought CDT group for £5m.
CDT, designs and makes customised plastic enclosures for circuit boards, membrane keypads and associated electronics components. The deal is on a debt-free, cash-free basis, before expenses, funded from existing debt facilities.
The acquisition will be immediately enhancing to Group underlying earnings, discoverIE.
CDT reported revenues for the year to December 31 of £2.9m, generating an underlying operating profit of £0.8m and an underlying operating margin of 28%.
