IPH Limited (ASX:IPH) agreed to acquire Applied Marks Pty Ltd for $7.1 million on July 1, 2021. Under the terms of the consideration, IPH will pay an upfront cash consideration of $5 million. In addition, consideration of up to a further $2.1 million will be payable two years after transaction completion in the form of IPH shares, escrowed for a period of two years, subject to achievement of a number of minimum performance requirements. Transaction is subject to completion of approval by competition authorities. The transaction is expected to close by today.
IPH Limited (ASX:IPH) completed the acquisition of Applied Marks Pty Ltd on July 1, 2021.