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An update from IPD Group Ltd ( (AU:IPG) ) is now available.
IPD Group has acquired Platinum Cables Pty Ltd, a leading Australian supplier of high-performance cable solutions to the mining industry, in a $37.5 million deal priced at roughly 5.2 times expected FY25 EBIT. The acquisition, which brings Platinum Cables’ projected FY25 revenue of $44.8 million and EBIT of $7.2 million into the group, is expected to be 11.5% EPS accretive on a pro forma basis and significantly strengthen IPD’s positioning and customer relationships in the mining sector, while creating meaningful cross-selling opportunities across its broader product portfolio.
The most recent analyst rating on (AU:IPG) stock is a Buy with a A$4.83 price target. To see the full list of analyst forecasts on IPD Group Ltd stock, see the AU:IPG Stock Forecast page.
More about IPD Group Ltd
IPD Group Ltd is an Australian-listed provider of electrical products, technologies and solutions, with a growing focus on supplying high-performance equipment to industrial sectors such as mining. The company leverages a broad product portfolio and relationships with large corporate customers to deepen its presence in critical infrastructure and resources markets.
Average Trading Volume: 163,119
Technical Sentiment Signal: Buy
Current Market Cap: A$437.2M
See more insights into IPG stock on TipRanks’ Stock Analysis page.