IVE approaches $1 billion in revenue after solid FY24 earnings result
IVE Group has shown growth in its business after reporting financial results for the full year to 30 June 2024 as revenue approaches $1 billion.
27 August, 2024Posts Tagged: Ovato
IVE’s acquisition of Ovato to now deliver “slightly reduced financial metrics”
IVE CEO Matt Aitken said the Ovato integration has proceeded smoothly, with all of its equipment now expected to be installed and operational in IVE’s sites by March 2024 – three months ahead of schedule
24 August, 2023
IVE signs seven-year energy contract with Iberdrola
The seven-year contract, expected to commence in January 2024, will see the group using electricity generated from renewable sources (primarily wind)
27 February, 2023
IVE Group details progress with Ovato integration
IVE Group said the Ovato acquisition remains on track with the integration timetable and expected financial metrics unchanged from those previously announced
23 February, 2023
IVE expects $15M NPAT from Ovato integration in FY23
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, 2022
Platypus Print buys Ovato’s packaging business
Having the Ovato unit under the Platypus banner has increased its folding carton manufacturing capacity and allowed it to realise the synergies of the two businesses
26 September, 2022
IVE completes $16m acquisition of parts of Ovato
IVE Group is now Australia’s only large scale heatset web offset print producer with its purchase of most of Ovato completed
15 September, 2022ACCC clears IVE’s $16m bid for parts of Ovato
The 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, 2022ACCC calls for submissions as it investigates IVE’s bid for Ovato
IVE 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 announces Implementation Deed to acquire all or substantially all of Ovato
IVE Group executive chairman Geoff Selig has announced the company is looking to acquire all or substantially all of troubled printer, Ovato.
10 August, 2022
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