Acquisition History / IPD Group Limited / Platinum Cables Pty Ltd
IPD Group Limited Acquires Platinum Cables Pty Ltd
Announced December 30, 2025 — $24.8M
What happened
IPD Group acquired Platinum Cables, an Australian supplier of high-performance cable solutions to mining and resources customers, for A$37.5 million upfront (A$37.0m cash plus A$0.5m in IPD shares). Contingent earn-outs of up to A$7.5 million are linked to EBIT growth through December 2026.
- Acquirer
- IPD Group Limited
- Target
- Platinum Cables Pty Ltd
- Announced
- December 30, 2025
- Price
- $24.8M
- Industry
- Electrical cable distribution (mining and resources)
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did IPD Group Limited acquire Platinum Cables Pty Ltd?
IPD Group Limited acquired Platinum Cables Pty Ltd on December 30, 2025. This was IPD Group Limited's 1st publicly tracked acquisition out of 1 we have on record.
How much did IPD Group Limited pay for Platinum Cables Pty Ltd?
IPD Group Limited paid $24.8M for Platinum Cables Pty Ltd.
What does Platinum Cables Pty Ltd do?
IPD Group acquired Platinum Cables, an Australian supplier of high-performance cable solutions to mining and resources customers, for A$37.5 million upfront (A$37.0m cash plus A$0.5m in IPD shares). Contingent earn-outs of up to A$7.5 million are linked to EBIT growth through December 2026.
What other Electrical cable distribution (mining and resources) companies has IPD Group Limited acquired?
Platinum Cables Pty Ltd is IPD Group Limited's only publicly tracked acquisition in Electrical cable distribution (mining and resources) so far.