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hipages Group Holdings Limited (ASX:HPG)

ALERT: Price-sensitive ASX Announcement for HPG
Current share price for HPG : $0.715 0.025 (3.62%)+
Announcement
Release
30 Apr 2026 8:47AM
Price at Release
$0.690
Full Release
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Summary
hipages Group Holdings Limited has announced the acquisition of a majority equity stake in VIZ Insurance Pty Ltd, a digital insurance platform tailored for Australian tradies. With the acquisition valued at $1.4 million, hipages aims to broaden its platform strategy by integrating insurance services and expanding customer retention and revenue growth. VIZ, known for its rapid insurance solutions, aligns with hipages' objective to provide comprehensive services for trade businesses. This strategic move includes acquiring 51% of VIZ, offering hipages two Board seats, and providing options to acquire full ownership in the future.
Key Points
  • hipages acquires 51% of VIZ Insurance for $1.4 million
  • VIZ provides digital insurance for 85+ trade occupations
  • Acquisition to enhance customer retention and revenue
  • VIZ Tradie Pass offers quick access to insurance certificates
  • hipages aims to expand its platform strategy beyond tradie services
  • Two Board seats secured by hipages in VIZ
  • Options included for future acquisition of remaining VIZ equity
  • Acquisition funded from hipages' existing cash reserves
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.