IVE to Acquire Motio for About $20.7m Equity

IVE Group Limited (ASX:IGL) has entered a binding Scheme Implementation Deed under which it proposes to acquire Motio Limited for cash, expanding into digital place-based out-of-home media.

IVE Group Australia would acquire 100% of Motio for $0.06 per Motio share by members' scheme and $0.006 per Motio MXOAV option by creditors' scheme, subject to conditions. The transaction values Motio at a fully diluted equity value of about $20.7 million and an enterprise value of about $16.7 million, an implied multiple of about 6.7x FY26 EBITDA. Motio generated FY26 revenue from continuing operations of $9.2 million (8% growth on FY25) and cash EBITDA of $2.5 million (31% growth) at about 27% margin, was debt-free and held net cash of about $3.9 million as at 30 June 2026, and operates more than 1,300 digital screens. The Motio board has unanimously recommended the schemes, subject to no Superior Proposal and an independent expert opining in favour. The schemes are not subject to regulatory approvals or a financing condition, with consideration funded from IVE's existing debt facility. IVE expects a positive FY27 earnings contribution before synergies and one-off costs, and EPS accretion on a pro forma basis from the first full year; pro forma net debt to FY26 EBITDA (pre-AASB 16) about 1.67x. Indicative timetable: scheme booklet early November 2026, implementation early December 2026.

Completion still requires Motio shareholder, optionholder and Court approvals and other SID conditions, including net cash and key employee retention.