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IPD Group Expands Mining Footprint with $37.5M Platinum Cables Deal
10:01am on Tuesday 30th of December, 2025 AEDT
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Industrial Goods & Services
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IPD Group Expands Mining Footprint with $37.5M Platinum Cables Deal
10:01am on Tuesday 30th of December, 2025 AEDT
Key Points
Acquisition valued at $37.5 million upfront plus up to $7.5 million contingent consideration
Deal funded primarily through cash and expanded debt facilities with Commonwealth Bank
Pro forma FY25 EPS expected to increase by approximately 11.5%
Platinum Cables to operate as a stand-alone entity with existing management retained
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Ipd Group (ASX:IPG)
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