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.