# IPD Group agrees to acquire CMI Operations

IPD Group Limited announced a conditional agreement to acquire 100% of CMI Operations Pty Ltd, a distributor and manufacturer of electrical cables and plugs in Australia, from Excelsior Capital Limited.

- Type: Acquisition
- Announced: 2023-11-28
- Where: Australia
- Status: announced
- Products: electrical cables, plugs, couplers, receptacles
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [IPD Group](https://endata.com/companies/40686.md) (acquirer)
- [CMI Operations](https://endata.com/companies/74013.md) (target)
- [Excelsior Capital](https://endata.com/companies/74014.md) (partner)

## Sources

- [ipdgroup.com.au](https://ipdgroup.com.au/news/ipd-group-announces-acquisition-of-cmi-operations/), 2023-11-28: "We see significant potential in combining the complementary businesses of IPD and CMI."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.