discoverIE Group

-5.71%

The discoverIE Group is a global designer, manufacturer, and supplier of customized electronics products and solutions. The company was originally founded as Acal Electronics PLC in 1986, but changed its name to discoverIE Group in 2017. The Group has over 7,000 customers in more than 75 countries and operates through two divisions: Design & Manufacturing and Custom Supply.
The Design & Manufacturing division provides customers with customized electronic solutions, including electronic components, assemblies, and subsystems. This division also provides design support and engineering services to help customers develop their own electronic products.
The Custom Supply division offers a wide range of electronic components and solutions from a network of over 40 manufacturing partners around the world. These products include standard electronic components, sensors, and power management solutions.
The discoverIE Group’s products are used in a variety of industries such as industrial, transportation, communications, healthcare, and renewable energy. The company is focused on providing quality products, excellent customer service, and innovative solutions to meet the evolving needs of its customers.

1. Focused on niche markets: The discoverIE Group specializes in providing customized electronic, photonic, and mechanical components and solutions for specific niche markets such as renewable energy, medical, transportation, and industrial applications. This focus on niche markets allows the company to have a deep understanding of their customers needs and provide tailored solutions.
2. Strong global presence: The company has a global presence with operations in Europe, North America, and Asia, allowing them to serve customers worldwide and access a diverse range of markets and opportunities.
3. Technological expertise: The discoverIE Group has a team of highly skilled engineers and technical experts who have in-depth knowledge and expertise in their respective fields. This allows the company to develop and provide innovative solutions for their customers' specific requirements.
4. Emphasis on sustainability: The company has a strong commitment to sustainability and focuses on providing environmentally friendly products and solutions. They also strive to reduce their own environmental impact through sustainable practices in their operations.
5. Strong financial performance: discoverIE Group has a track record of delivering strong financial performance, with continuous growth in revenue and profits. This stability and financial strength make them a reliable partner for customers and investors alike.
6. Customer-centric approach: The company has a strong focus on customer satisfaction, building long-term relationships, and delivering excellent customer service. This customer-centric approach has helped them maintain a loyal customer base and attract new business.
7. Diversified product portfolio: The discoverIE Group offers a diverse range of products, from standard components to customized solutions. This allows them to serve a wide range of industries and mitigate potential risks in a volatile market.
8. Strong company culture: The company prides itself on having a strong company culture that values innovation, collaboration, and employee development. This has resulted in a motivated and committed workforce, leading to better performance and customer satisfaction.

The discoverIE Group is a global designer, manufacturer, and supplier of highly differentiated electronic components and solutions. Their business model is centered around providing custom-designed electronic components and solutions to original equipment manufacturers (OEMs) in various industries such as aerospace and defense, automotive, medical, renewable energy, and industrial.
The company s business model involves four key elements:
1. Design and Engineering Expertise: discoverIE Group has a team of over 400 engineers who work closely with customers to design and develop bespoke solutions to meet their specific requirements. This involves understanding the customer's needs, creating an initial design, prototyping, testing, and final production.
2. In-house Manufacturing: The company operates a global network of over 20 manufacturing facilities, which allows them to have control over the entire production process. This includes sourcing high-quality materials, manufacturing products to high standards, and implementing strict quality control measures.
3. Customization and Differentiation: discoverIE Group focuses on providing highly customized and differentiated solutions to its customers. This involves tailoring products to meet specific performance, size, and cost requirements, as well as incorporating the latest technologies and innovations to add value for customers.
4. Broad Product Portfolio: The company offers a broad range of electronic components and solutions, including sensors, power management, electromechanical devices, wireless communication, and connectivity solutions. This allows them to serve multiple industries and diversify their revenue streams.
Overall, discoverIE Group's business model is driven by a customer-centric approach, deep engineering expertise, in-house manufacturing capabilities, and a diverse product portfolio to provide customized and differentiated solutions to a wide range of industries.

1. The company was originally founded in 1927 as Fitch Lovell.
2. The company initially specialized in manufacturing insulation materials for the electronics industry.
3. The company changed its name to TR Fastenings in 1970 and began expanding its product offerings to include fasteners and fixings for various industries.
4. In 2006, the company was acquired by Topwork Industries Limited and the name was changed to discoverIE Group.
5. The company’s headquarters are located in London, United Kingdom.
6. discoverIE Group has operations in over 25 countries and serves customers in more than 50 countries worldwide.
7. The company’s products are used in a wide range of industries, including aerospace, defense, medical, transportation, and renewable energy.
8. discoverIE Group was listed on the London Stock Exchange in 1980 and is a constituent of the FTSE 250 Index.
9. The company has a strong focus on sustainable and ethical business practices. It has received several awards and certifications for its commitment to environmental responsibility, ethical sourcing, and corporate social responsibility.
10. In 2020, discoverIE Group acquired Phoenix America Inc, a US-based manufacturer of custom magnetic components, to expand its presence in the North American market.
11. The company has a strong commitment to innovation and invests heavily in research and development. It has a dedicated R&D team that works with customers to develop customized solutions to their specific needs.
12. discoverIE Group has a strong track record of financial performance and has consistently delivered growth in revenue and profits in recent years.
See Company Due Diligence: