subscribe to our newsletter sign up
IPH flexes muscles in domestic and global markets

IPH flexes muscles in domestic and global markets

Listed intellectual property giant IPH has expanded this month, acquiring Brisbane-based IP firm Cullens and establishing a new presence in Thailand.

The $35.6 million takeover of Cullens shows IPH is pressing on with its growth and expansion agenda, following the announcement last month that subsidiary company Spruson & Ferguson had opened a new office in Bangkok.

The ASX 300 IP services company, which has a market capitalisation of more than $1.2 billion, announced plans to acquire Cullens in May. The takeover will be completed by the end of the month, subject to final regulatory approvals.

IPH managing director David Griffith said: "The acquisition of Cullens represents a further step in IPH’s strategy of building the leading intellectual property group in secondary markets.

"Cullens is a well-managed and profitable IP firm with a substantial local client base [and] will continue to service its clients under its own brand."

The acquisition came soon after Spruson & Ferguson's announcement regarding its new office in Bangkok.

The firm said Spruson & Ferguson’s move into Thailand "reinforces IPH’s strategy [to provide] comprehensive IP services in secondary market countries to the group’s worldwide client base".

According to IPH, the new office will directly service client needs in a key jurisdiction.

Spruson & Ferguson also has offices situated in Australia, Singapore, Malaysia, Indonesia and China.

IPH offers a wide range of IP services and products and was the first such group to list on the Australian Stock Exchange in 2014. It is the holding company of Spruson & Ferguson, Practice Insight, Fisher Adams Kelly Callinans and Pizzeys.


Promoted content
Recommended by Spike Native Network