IVE Group Limited (ASX:IGL) (IVE) announced today that we have signed a binding agreement to acquire Active Display Group (ADG) and Melbourne based AFI Branding Solutions (AFI) on 31 October 2021.
As Australia’s most awarded retail point of sale and visual merchandising company, ADG further strengthens our retail display and 3PL offerings nationally. Furthermore, the acquisition of AFI adds event, exhibition, fabric printing and signage capabilities to our offer for the first time. The timely announcement comes as retail stores begin to reopen their doors once more and businesses look to schedule events.
Our CEO, Matt Aitken said, “These acquisitions strengthen our offer as an industry leader in the design and production of temporary, semi-permanent and permanent retail display solutions to leading Australian and global brands. ADG’s comprehensive 3PL division is also a seamless fit for IVE’s already extensive logistics and fulfilment operations”.
Aitken adds, “These acquisitions build further on IVE’s strategic investment and growth in the retail sector over the last 5 years. We look forward to welcoming the ADG and AFI staff to our business, and showcasing IVE’s diverse value proposition to their customers”.
“This is fantastic news for our clients, and other companies requiring retail display, visual merchandising (store windows), or 3PL services” said Active Display Group CEO, Steve Voorma. “The combination of ADG and IVE’s existing capabilities, will create by far the most sophisticated and advanced retail display offering in the country. From the breadth and depth of our combined capability, right through to our impeccable environmental and sustainability credentials, this new retail offering will be unmatched in Australia”.
AFI Managing Director, Glenn Watson, who will remain with us in a senior leadership role post-acquisition, said “This is an exciting new chapter for AFI Branding and I look forward to joining the talented team at IVE. Over the last 29 years, our team has worked tirelessly to build AFI up into the largest fabric printer in Australia, something we’re very proud of. To enter our 4th decade as part of IVE Group brings with it a host of fresh opportunities and a new platform for industry innovation. AFI brings complementary services to IVE’s already extensive offering, presenting a compelling proposition to its existing 2,800 clients and the wider market”.
The integration of ADG and AFI into IVE commences in November.