IG3 considers ASX listing after Rectron buy

IG3 considers ASX listing after Rectron buy

Both companies will continue to trade as separate entities

Education solutions provider, IG3 Education, is considering to list on the Australian Stock Exchange after its multimillion dollar acquisition of PC components distributor, Rectron Electronics.

Both companies will continue to trade as separate entities, but will combine its operations such as finance and administration. Offices in areas such as Melbourne, Sydney, Brisbane, Gold Coast and Perth will also be combined in the first quarter 2016.

IG3 CEO and former Rectron chairman, Tony Church, has become Group CEO, and Shannon Ma will remain managing director of Rectron. IG3 chairman, Roger Sayers has also become the chairman of Rectron.

The newly formed board of directors are expecting substantial growth for both Rectron and IG3, and are considering listing the IG3/Rectron group on the ASX.

Church said it would consider floating about 30 to 35 per cent of the business in the next six to 12 months, and further acquisitions were on the table particularly in areas such training.

“IG3 has been an unlisted entity for a number of years, and listing would help it move forward,” he said. “One of the advantages we have is our market share within the education space."

IG3’s interactive display technologies will be distributed to the corporate market through Rectron, which also plans to expand its product offering through targeting value added resellers, but it won't have a direct end-user model, Church said.

According to IG3, it maintains a product install base covering about 75 per cent of Australian schools with an established service and support network. Rectron’s product portfolio includes vendors such as Gigabyte, Razor and Cooler Master.

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Tags acquisitionpc componentsIG3 EducationRectron Electronics

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