discoverIE Group in the UK has acquired sensor manufacturer Burster Group of Germany for about €40 milion, adding another company to its portfolio with significant magnetic technology. As previously reported in Magnetics Magazine, discoverIE recently grew its Magnetics & Controls division with three acquisitions. Now, Burster, which has many products that involve inductive and magnetic functionality in its broad lineup of sensing and testing devices, will join the Sensing & Connectivity division of discoverIE.
Founded in 1961, Burster produces specialist sensors including precision load cells, torque sensors, displacement and pressure sensors, and electronic measurement instruments for markets closely aligned with discoverIE’s target markets. Terms of the deal were €30.6 million cash plus an earn-out of up to €12.4m. Under its existing ongoing management and retaining its brand identity, Burster will join the group’s sensing cluster which includes six other businesses.
discoverIE companies generally provide application-specific components to original equipment manufacturers internationally through its two divisions, Magnetics & Controls, and Sensing & Connectivity. Headquartered in Guildford, 30 miles southwest of London, the Group employs 4,500 people across 20 countries with its principal operating units located in Continental Europe, the UK, China, Sri Lanka, India and North America For more info, see www.discoverieplc.com and www.burster.de.
