QANTM Intellectual Property (ASX:QIP) has finalised arrangements to acquire the Malaysian intellectual property company, Advanz Fidelis IP.
The acquisition is expected to be completed in July 2018 and supplements QANTM’s existing South-East Asian operation in Singapore.
The company is an intellectual property consulting company based in Kuala Lumpur.
They have clients in Malaysia, other parts of Asia and Europe and the United States.
The acquisition involves an upfront cash payment of AUD 3.05 million with further payments subject to agreed earn-out arrangements over an 18 month period, representing 6.5 times normalised EBITDA.
Shares in QANTM Intellectual Property are trading flat at $1.15.