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Inventis Limited (ASX:IVT)

ALERT: Price-sensitive ASX Announcement for IVT
Current share price for IVT : $0.010 0 (0%)+
Announcement
Release
18 Jun 2025 5:26PM
Price at Release
$0.010
Full Release
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Summary
Inventis Limited announced that its wholly owned subsidiary, IVT Pty Limited, has executed a Sale Agreement for the purchase of the business and assets of Electronic Circuit Designs Pty Ltd (ECD). The acquisition is valued at $600,000 and will be funded by a mix of cash and Inventis shares. The agreement includes the transfer of ECD's staff and assets, and Inventis expects the acquisition to enhance its electronics engineering and manufacturing capabilities. The transaction is subject to standard conditions precedent, with completion expected by the end of June 2024.
Key Points
  • IVT Pty Limited, a subsidiary of Inventis Limited, has entered into a Sale Agreement to acquire the business and assets of Electronic Circuit Designs Pty Ltd (ECD).
  • The purchase price for the acquisition is $600,000, to be paid in both cash and Inventis shares.
  • ECD is an electronics engineering and manufacturing business located in Sydney, servicing various sectors including medical, industrial, and transport.
  • The acquisition will include the transfer of ECD’s staff and assets to IVT Pty Limited.
  • Inventis expects the acquisition to expand its engineering and manufacturing capabilities.
  • Completion of the acquisition is subject to customary conditions precedents and is expected by the end of June 2024.
  • The acquisition aligns with Inventis Limited’s growth strategy and will enhance its product offerings in electronics.
  • ECD’s team and intellectual property will be integrated into IVT Pty Limited following the completion of the deal.
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.