Today we are pleased to announce that discoverIE located in the UK has bought our company Santon Group BV located in the Netherlands. Please allow us to explain in this communication why the global Santon team is very enthusiastic to enter into this new phase of our almost 100 year old company together with discoverIE. After careful analyses we feel the strategic fit between discoverIE and Santon is based on some strong fundamental foundations:
- Sharing the same focus on the design & manufacturing of electric & electronic components to the global OEM markets with attractive synergy opportunities for both partner’s discoverIE and Santon.
- The goal is to maintain – further grow Santon’s substantial presence in the supply of DC switchgear for the renewable energy market and to support Santon’s strong focus to grow the market segments in Industrial and Circuit Breaker Services. This announcement will allow Santon under discoverIE’s further investments to keep the growth momentum in the next many years.
The integration of Santon into the discoverIE group will happen over the next months with no change to the current Santon management team, our key suppliers or the existing channel partnerships in place. Santon will operate as a stand-alone business within discoverIE’s Design & Manufacturing division a strong group of 10 autonomous businesses focusing on customer-specific electric & electronic components in B2B markets. This step will allow Santon to continue to grow and to serve our global customers even better in the future with high quality products.