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IPH Acquires AJ Park

11 Oct 2017  |  08:30:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: IPH acquires AJ Park

IPH announced that it has reached agreement to acquire the NZ intellectual property firm AJ Park by an acquisition of its patent attorney business, the benefit of its trade mark and legal businesses, and its associated Australian operations. AJ Park is a full-service IP firm with a substantial local client base servicing client ranging from large multinational corporations and universities to start-up companies and entrepreneurs. AJ Park will become the first NZ IP firm to join a publicly listed IP group. The total purchase consideration for the acquisition is AU$60.9m adjusted for net debt and working capital adjustments, which represents 7.5x FY2017 normalised EBITDA.

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