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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.