IPH's (ASX:IPH) AJ Park to acquire Baldwins Intellectual Property

Company News

by Rachael Jones

IPH Limited (ASX:IPH) reports that subsidiary AJ Park has reached an agreement to acquire the New Zealand intellectual property firm Baldwins Intellectual Property.

The total purchase consideration for the acquisition is approximately $7.4 million.

Established in 1896, Baldwins is a well-known New Zealand IP firm, with 4 partners and other high quality IP professional staff working from Auckland and Wellington offices.

Clients include large multi-national corporations, universities, government agencies, start-ups and individual inventors.

Shares in IPH Limited (ASX:IPH) are trading 4.83 per cent higher at $7.60.
 

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.