IVE Group Limited (IVE) today announces that it has signed a binding agreement to acquire 100% of retail display and 3PL business Active Display Group (ADG), and Melbourne based AFI Branding Solutions (AFI).
The total purchase consideration for both ADG and AFI is $6.5m, $5.2m payable on completion, with $1.3m of the total payable as deferred consideration based on the achievement of agreed revenue targets over a 24 month period.
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