The IVE Group (ASX:IGL) complete acquisition of Salmat Marketing Solutions

Company News

by Rachael Jones

The IVE Group (ASX:IGL) has completed the acquisitions of Salmat Marketing Solutions and Reach Media New Zealand, the Australian and New Zealand catalogue distribution business of Salmat (ASX:SLM).

This transaction was originally announced to the market on 25th November 2019.

Salmat currently provides a wide range of back office solutions through their Philippines-based Managed Services business, MicroSourcing.

Reach Media NZ was Salmat’s letterbox and e-catalogue distribution business.

Shares in the IVE Group (ASX:IGL) closed 1.7 per cent higher at $2.46.
 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.