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IPD Group Ltd ( (AU:IPG) ) just unveiled an announcement.
IPD Group has completed its acquisition of Platinum Cables Pty Ltd, a leading Australian supplier of high-performance cable solutions to the mining and resources sector, in a deal funded primarily through cash and an expanded debt facility with Commonwealth Bank of Australia. The transaction is billed as a major step in IPD’s growth strategy, immediately strengthening its mining-sector footprint, adding specialised technical expertise, and promising earnings accretion and revenue synergies as the group deepens customer relationships and capitalises on the broader electrification trend underpinning Australia’s resource-heavy economy.
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 is an Australian provider of electrical solutions focused on energy management and automation, enhancing electrical infrastructure with an emphasis on energy efficiency, automation, secure connectivity and safety. The company positions itself as a key player in the electrification and decarbonisation of the economy, supporting a cleaner, more interconnected energy future across industrial and infrastructure markets.
Average Trading Volume: 163,682
Technical Sentiment Signal: Buy
Current Market Cap: A$436.2M
See more insights into IPG stock on TipRanks’ Stock Analysis page.