Said the integration of the expected $160 million of Ovato revenue into IVE’s existing manufacturing footprint is estimated to deliver a $15 million increase in underlying NPAT in FY23
23 November, 2022IVE Group executive chairman Geoff Selig says investors have recognised the strategic value of the recent Ovato transaction
20 September, 2022A range of Ricoh production printers have been installed at IVE, including six Ricoh Pro C9210 digital colour production presses. IVE Group COO Brent McCulloch said Ricoh showed it was “the vendor most capable of meeting the production requirements of Australia’s largest commercial printer”.
20 September, 2022IVE Group is now Australia’s only large scale heatset web offset print producer with its purchase of most of Ovato completed
15 September, 2022The competition watchdog has approved IVE Group’s $16 million bid for parts of Ovato ruling that there was no other viable purchaser of the stricken business.
30 August, 2022IVE Group has entered into an agreement to buy Ovato for approximately $16 million providing the competition watchdog greenlights the deal.
29 August, 2022IVE Group CEO Matt Aitken declares the company match-fit after handing down strong FY22 results and outlining plans for future growth.
25 August, 2022IVE Group CEO Matt Aitken says the move to acquire all or part of Ovato is about keeping staff and customers in the sector.
11 August, 2022IVE Group executive chairman Geoff Selig has announced the company is looking to acquire all or substantially all of troubled printer, Ovato.
10 August, 2022Supply chain disruption, particularly paper supply, continues to be a key focus at IVE Group with executive chairman, Geoff Selig, saying raw material inventories are currently approximately 25% higher than June 2021
23 June, 2022End of content
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