Malcolm Diamond

discoverIE Group plc

discoverIE Group plc is an international group of businesses that design and manufacture innovative electronic components for industrial applications. The Group provides application-specific components to original equipment manufacturers ("OEMs") internationally. By designing components that meet customers' unique requirements, which are then manufactured and supplied throughout the life of their production, a high level of repeating revenue is generated with long term customer relationships. With a focus on key markets driven by structural growth and increasing electronic content, namely renewable energy, medical, transportation and industrial & connectivity, the Group aims to achieve organic growth that is well ahead of GDP and to supplement that with targeted complementary acquisitions. The Group has an ongoing commitment to reducing the impact of its operations on the environment, aligning its growth strategy with the UN Global Compact Sustainable Development Goals (UNGC SDGs). The Group employs c.5,000 people across 20 countries. Its principal operating units are located in Continental Europe, the UK, China, Sri Lanka, India, Thailand and North America. The Group is listed on the Main Market of the London Stock Exchange and is a constituent of FTSE250 index, classified within the Electrical Components and Equipment subsector. It generated revenue of over £380m in the financial year ended March 2022.