SYDNEY: Inventis Limited (ASX: IVT) has signed a binding agreement to sell its Electronic Circuit Designs (ECD) business and assets to ANT Software in a transaction valued at A$2.4 million, the company announced Wednesday. The sale is part of Inventis’ broader restructuring strategy aimed at improving financial flexibility and positioning the company for future growth.
Under the agreement, ANT Software will acquire all tangible and intangible assets of ECD, including inventory, plant and equipment, intellectual property, customer contracts, trademarks, and domain names. The deal also transfers employee entitlements and supplier obligations to the purchaser.
Strategic and Financial Considerations
Inventis expects to receive net proceeds of A$2.04 million after adjustments, which it intends to use to reduce long-term debt and settle certain statutory liabilities. The company characterized ECD as a non-core division specializing in elevator control boards—representing over 12% of unaudited FY25 group revenue but making a negative contribution to overall financial results. The divestment is aligned with the company’s plan to reallocate capital and streamline operations.
Additionally, as part of its long-term growth strategy, Inventis has retained a call option allowing it to repurchase ECD in 12 months for A$2.4 million plus a 10% holding charge, subject to adjustments and a separate agreement.
The transaction is contingent on key conditions, including:
- Consent from the property lessor to assign ECD’s lease at Perry Street, Matraville.
- Agreement on adjustments to the cash purchase price.
- Written acceptance from key employees regarding their transition to ANT Software.
- Release of security interests by secured parties, except for approved suppliers.
Completion of the sale is expected on June 25, 2025. The company is consulting with the Australian Securities Exchange (ASX) to determine whether shareholder approval is required under listing rules.