discoverIE Group PLC disposal moves company up the value chain

Lavern Vogel

Acal BFi is a lower-margin business and more exposed to cyclical macro changes. Its disposal marks discoverIE’s exit from distribution and “is a positive move up the value chain”

Another broker has given the thumbs-up to the disposal by discoverIE Group PLC of its custom supply distribution business, Acal Bfi.

Broker finnCap joined Shore Capital in endorsing the exit from a lower margin business, calling the disposal “a significant step forward” and “a positive move up the value chain”.

The group will now solely be a global designer and manufacturer of customised electronics focused on structurally growing markets.

“We have moved Acal BFi’s results to the discontinued line (excluded from our adjusted figures), and reiterate our view that the proven growth strategy remains very well placed to continue to drive both organic and acquisition-led growth, with the focus on long-term, high quality, structural growth markets of Renewable Energy, Transportation, Medical and Industrial & Connectivity,” discoverIE’s house broker said.



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discoverIE Group PLC disposal makes it a "much higher quality offering" says broker

The company is seen as being well placed to benefit from a range of long-term trends, including increased electrification in industrial applications, increased investment in renewable energy and an increase in AI and sensing in the medical sector The disposal by discoverIE Group PLC (LSE:DSCV) of its custom supply distribution business, Acal […]