InvestSMART

IPD Group Ltd (ASX:IPG)

ALERT: Price-sensitive ASX Announcement for IPG
Current share price for IPG : $4.910 0.71 (16.90%)+
Announcement
Release
30 Dec 2025 9:52AM
Price at Release
$4.200
Full Release
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Summary
IPD Group Limited has announced its acquisition of Platinum Cables Pty Ltd, a leading provider of high-performance cables for the mining sector, for $37.5 million. The acquisition, primarily funded through cash and debt, is expected to be completed by 31 December 2025. This strategic move will bolster IPD's market position, allowing for enhanced customer relationships and cross-selling opportunities without overlapping current offerings. Platinum Cables' existing management will continue to operate independently post-acquisition. Financially, the deal is projected to provide a pro forma EPS accretion of 11.5% for IPD Group in FY25.
Key Points
  • IPD Group Limited announced a binding agreement to acquire Platinum Cables Pty Ltd for $37.5 million with contingent consideration based on EBIT growth.
  • The acquisition is funded primarily through cash and debt, with expected completion by 31 December 2025.
  • Platinum Cables specializes in high-performance cable solutions for the mining and resource sectors, with FY25 revenue projected at $44.8 million.
  • The acquisition is expected to enhance IPD Group's position in the mining sector and provide cross-selling opportunities.
  • Platinum's management will remain in place post-acquisition under earn-out arrangements.
  • The acquisition is expected to deliver EPS accretion of approximately 11.5% in FY25 for IPD Group.
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.