Acquisition of Platinum Cables

IPD Group Limited (“IPD” or “the Company”) is pleased to announce that it has agreed the terms of a binding agreement to acquire Platinum Cables Pty Ltd (“Platinum”), a leading Australian provider of high-performance cable solutions for the mining and resources sector. Transaction Summary • Consideration: $37.5 million upfront (~5.2x FY25 EBIT) consisting of $37.0 million cash and $0.5 million in