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ASX-listed firm confirms integration plans with Griffith Hack
An ASX-listed firm has revealed its intention to integrate its intellectual property services business into Griffith Hack.
Emma Musgrave
Effective April 2020, IPH Limited will integrate its IP services business Watermark into Griffith Hack, creating one firm which will operate under the latter’s brand.
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The integration follows IPH Limited’s acquisition of Xenith IP Group in August, whereby the Watermark and Griffith Hack businesses were acquired by IPH.
The move is expected to see Watermark co-locate in Griffith Hack’s Melbourne, Sydney and Perth offices from April 2020 and the Watermark brand will be retired at that time.
Until April 2020, Watermark and Griffith Hack will continue to operate as separate businesses and independently with respect to the provision of attorney professional services, a statement from IPH noted.
IPH CEO and managing director Dr Andrew Blattman said the integration of Watermark into Griffith Hack will result in benefits for the combined business, its clients and people.
“The integration will strengthen the combined business’ service offering, providing Griffith Hack clients with access to a deeper pool of IP experts in Australia, while Watermark clients will benefit from access to Griffith Hack’s larger IP team, established systems and processes and an extended geographic footprint in Australia,” he said.
“The integration also provides enhanced career and development opportunities for both Watermark and Griffith Hack employees as part of a larger Griffith Hack business.
“IPH has a strong track record of successfully integrating businesses and we are committed to ensuring a smooth transition for Watermark clients and people,” he said.”
