discoverIE Group plc (LSE:DSCV) acquired 2J Antennas, s.r.o for ?52.5 million on September 12, 2023. The cash consideration of ?52.5 million is on a debt free, cash free basis, before expenses, which will be funded from the Group's existing debt facilities. For the year ended 31 December 2022, 2J reported revenues of ?18.1 million, Total assets of ?8.1 million and EBIT of ?3.7 million, MP Corporate Finance GmbH acted as financial advisor to discoverIE Group plc.
Albert Birkner, Sergei Makarchuk , Jozef Bannertn from Austrian and Slovak teams of Cerha Hempel Spiegelfeld Hlawati acted as legal advisors to discoverIE Group plc (LSE:DSCV). Garth Stevens from Snell & Wilmer, L.L.P. acted as legal advisor and Richard Spink from Burges Salmon LLP acted as legal advisors to discoverIE Group plc (LSE:DSCV).

discoverIE Group plc (LSE:DSCV) completed the acquisition of 2J Antennas, s.r.o on September 12, 2023.