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IVE Group Ltd. ( (AU:IGL) ) has issued an update.
IVE Group Limited has agreed to acquire 100% of Australian creative agency Daily Press Pty Ltd for up to $35 million, in a move that deepens its capabilities in digital, social media and performance marketing and supports its ‘Now to 2030’ strategy to build a fully omni-channel Creative & Content offering. Daily Press, which employs about 65 staff and serves a diversified, recurring client base in high-growth sectors such as hospitality, sports, franchises and retail, will be integrated into IVE’s Creative, Content & Integrated Solutions division and ultimately relocated to IVE’s Sydney head office, with founder and CEO Wayne Knight remaining with the business. The deal, expected to complete on 31 December 2025, is forecast to add around $23 million in annual revenue and $5.5 million in EBITDA and be mid-single digit EPS accretive pre-synergies in 2026, funded from existing cash and debt facilities; IVE also expects about $1 million in annual cost synergies from in-sourcing print, distribution and activation work, alongside broader cross-sell benefits and enhanced technology capability via Daily Press’ proprietary Martech platform, Indy.
The most recent analyst rating on (AU:IGL) stock is a Buy with a A$3.10 price target. To see the full list of analyst forecasts on IVE Group Ltd. stock, see the AU:IGL Stock Forecast page.
More about IVE Group Ltd.
IVE Group Limited is an Australian marketing and communications company that offers creative, content, technology, production, logistics, data and customer experience services across online, offline and in-store channels. The group positions itself as a single, integrated marketing services partner, providing creative-led, omni-channel solutions for clients seeking coordinated campaigns across print, digital and physical environments.
Average Trading Volume: 144,119
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$442.3M
Learn more about IGL stock on TipRanks’ Stock Analysis page.