IPH Limited (ASX:IPH) is looking for acquisitions. Andrew Blattman, MD and Chief Executive Officer said, "We continue to progress complementary acquisition opportunities in Canada. We believe there are a number of further consolidation opportunities to expand our market share in a material manner, each in the region between 4% to 7% patent market share.

We have announced Ridout & Maybee's acquisition this morning, and another opportunity is being actively pursued at present. We're also continuing to pursue other acquisition opportunities elsewhere and remain involved in discussions. And underpinning all of this is our continued focus to operate in a disciplined manner to generate further shareholder value".