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IVE Group Limited (ASX:IGL)

ALERT: Price-sensitive ASX Announcement for IGL
Current share price for IGL : $2.780 -0.09 (-3.14%)+
Announcement
Release
22 Dec 2025 9:15AM
Price at Release
$2.870
Full Release
download
Summary
IVE Group Limited announced the acquisition of Daily Press Pty Ltd, a creative agency specializing in digital, social media, and performance marketing, for up to $35 million. This acquisition aligns with IVE's 'Now to 2030' strategy, enhancing its Creative & Content capabilities and boosting its omni-channel offerings. Daily Press, founded in 1999, provides various services such as social media management and performance marketing. The acquisition is expected to contribute $23 million in annual revenue and $5.5 million in EBITDA, with the integration bringing cost and revenue synergies. The transaction is set to complete by 31 December 2025.
Key Points
  • IVE acquires Daily Press Pty Ltd for up to $35 million.
  • Acquisition aligns with IVE’s ‘Now to 2030’ strategy.
  • Daily Press specializes in digital, social media, and performance marketing.
  • Expected to add $23 million in annual revenue and $5.5 million in EBITDA.
  • Integration to bring cost and revenue synergies.
  • Transaction to complete by 31 December 2025.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.