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The latest update is out from IPD Group Ltd ( (AU:IPG) ).
IPD Group has agreed to acquire Platinum Cables, a specialist Australian supplier of high-performance power, communication and optical fibre cables to the mining and resources sector, for an upfront consideration of $37.5 million plus up to $7.5 million in earn-out payments. The largely debt-funded deal, expected to complete on 31 December 2025, is forecast to be immediately earnings accretive, lifting IPD’s pro forma FY25 EPS by about 11.5% and increasing EBIT margins, while keeping leverage modest at around 0.9x EBITDA; by adding Platinum’s fast-growing, high-margin cable portfolio and technical expertise, IPD aims to deepen its presence in the mining market, unlock cross-selling opportunities with no product overlap, and reinforce its position in the energy transition and electrification theme with minimal shareholder dilution.
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, automation and secure connectivity, with products and services aimed at enhancing electrical infrastructure. The company is committed to innovation that supports electrification and decarbonisation of the economy, targeting safer, more efficient and interconnected energy systems across industrial sectors.
Average Trading Volume: 163,119
Technical Sentiment Signal: Buy
Current Market Cap: A$437.2M
For an in-depth examination of IPG stock, go to TipRanks’ Overview page.