M&A Deal Summary

discoverIE Group Acquires Phoenix America

On October 13, 2020, discoverIE Group acquired electrical equipment company Phoenix America

Acquisition Highlights
  • This is discoverIE Group’s 8th transaction in the Electrical Equipment sector.
  • This is discoverIE Group’s 1st transaction in the United States.
  • This is discoverIE Group’s 1st transaction in Indiana.

M&A Deal Summary

Date 2020-10-13
Target Phoenix America
Sector Electrical Equipment
Buyer(s) discoverIE Group
Deal Type Add-on Acquisition
Advisor(s) Generational Capital Markets (Financial)

Target

Phoenix America

Fort Wayne, Indiana, United States
Phoenix America is a manufacturing firm specializing in the design, engineering, and manufacture of customized magnetic sensors and decoders used in motion control systems in a variety of industries. Phoenix America was founded in 2000 and is based in Fort Wayne, Indiana.

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Buyer(S) 1

Buyer

discoverIE Group

Guildford, United Kingdom

Category Company
Founded 1986
Sector Electronics
Employees4,497
Revenue 423M GBP (2024)
DESCRIPTION

discoverIE Group is an electronics, designing, manufacturing, and distributing electronic, photonic, and medical products for the industrial and healthcare sectors. discoverIE Group was founded in 1986 and is based in Guildford, England.


DEAL STATS #
Overall 19 of 21
Sector: Electrical Equipment M&A 8 of 9
Type: Add-on Acquisition M&A Deals 18 of 20
State: Indiana M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-17 Cursor Controls

Nottinghamshire, United Kingdom

Cursor Controls Ltd. is a designer and manufacturer of human to machine interface (“HMI”) products for medical, industrial and transportation applications. Cursor Controls Ltd. was founded in 1995 and is based in Nottinghamshire, United Kingdom.

Buy £23M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Antenova

Herts, United Kingdom

Antenova is the provider of antennas and radio antenna modules for wireless M2M and consumer electronic devices, wireless connectivity requirements, including GSM and CDMA, 3G, 4G, LTE, GPS, Wi-Fi, Bluetooth, WiMAX, WiBro, ZigBee and FM. Antenova was founded in 1999 and is based in Herts, United Kingdom.

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