DiscoverIE acquires Trival in all-cash deal
By Iain Gilbert
Date: Thursday 04 Dec 2025
(Sharecast News) - Customised electronics manufacturer DiscoverIE Group said on Thursday that it had acquires Slovenian outfit Trival Antene in a deal worth up to €52.65m in cash.
DiscoverIE said Trival, which designs and manufacturers communication antennae and masts for defence and professional applications, will join its Connectivity operating unit within its Sensing & Connectivity division.
Trival had unaudited revenues for the 12 months ended 31 December 2024 of €12.7m and an adjusted operating profit margin that was "well above" DiscoverIE's medium-term target of 17%.
DiscoverIE will make an initial cash consideration of €45.5m on a debt free, cash free basis, before expenses, funded from existing debt facilities. In addition, a deferred consideration of up to €1.65 will be payable subject to certain conditions twelve months from completion and an earn-out of up to €5.5m will be payable subject to Trival achieving certain growth and performance conditions in the period ending 31 March 2028.
Chief executive Nick Jefferies said: "The acquisition of Trival continues our strategy of building a differentiated, international, growth-focused electronics group with strong operating margins and will be accretive to both the Group's adjusted earnings and operating margin on completion.
"This transaction brings another high-quality business into discoverIE and is our first which is focused mainly on our security target market. We welcome the team and very much look forward to working with them."
Reporting by Iain Gilbert at Sharecast.com
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