SYDNEY, AUSTRALIA: Inventis Limited (ASX: IVT) confirmed that its wholly owned subsidiary Inventis Technology Pty Limited has accomplished all aspects of the acquisition of all shares in Electronic Circuit Designs Pty Ltd (ECD). The 100% possession is efficient from 30/03/22.
In conjunction with the share buy of ECD, Inventis has additionally received written affirmation of fund availability and extensions of its existing time period facility to 1 July 2025 from its funder THN Capital Solutions Pty Limited.
The integration of this enterprise and long-standing model is the 5th in succession from the team at Inventis since the administration change occurred in late 2019. The Group continues to discover worth accretive acquisition alternatives that are aligned with our core business.
The acquisition of Electronic Circuit Designs Pty Ltd (ECD), a circuit board producer and supplier, will assist safe advantages of provide integration inside the Inventis Technology division.
The share purchase of ECD brings with it possession of a commercial property at Matraville. This provides a bricks and mortar asset for the Group which is found close to Port Botany and roughly 15 min from the Sydney CBD. It has potential for strong capital growth and can stay because the principal place of enterprise for ECD together with all manufacturing and distribution.
The Board welcomes the ECD team to the Inventis household and appears ahead to nice synergies to be achieved from an built-in provide chain for the Group.
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