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IPD Group Ltd (ASX:IPG)

ALERT: Price-sensitive ASX Announcement for IPG
Current share price for IPG : $4.840 0.64 (15.24%)+
Announcement
Release
30 Dec 2025 9:53AM
Price at Release
$4.200
Full Release
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Summary
IPD Group Limited has announced the acquisition of Platinum Cables Pty Ltd, a leading provider of high-performance cable solutions for the mining sector in Australia. The acquisition aims to strengthen IPD’s position in the mining sector and enhance relationships with key clients, including Australia’s largest mining companies. This strategic move is expected to leverage sales synergies and improve operational efficiency through shared group services. The transaction, primarily funded through cash and new debt facilities, involves a purchase price of $37.5 million with potential earn-out incentives. By FY25, Platinum Cables is projected to contribute a revenue of $44.8 million and an EBIT of $7.2 million, showcasing a strong growth trajectory. The acquisition is anticipated to result in an EPS accretion of 11.5% for IPD, enhancing its financial performance and market offering in a specialized, high-demand sector.
Key Points
  • IPD Group to acquire Platinum Cables for $37.5 million.
  • Acquisition strengthens IPD's mining sector position.
  • Funded through cash and debt facilities with limited shareholder dilution.
  • Projected FY25 revenue of $44.8 million and EBIT of $7.2 million for Platinum Cables.
  • Expected 11.5% EPS accretion for IPD post-acquisition.
  • Focus on leveraging sales synergies and operational efficiencies.
  • Acquisition enhances relationships with major Australian mining companies.
  • Platinum Cables to remain a standalone business post-acquisition.
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.