Xenith IP Group will buy Griffith Hack for an upfront cash and share consideration of $152 million.
Griffith Hack is one of the largest privately owned IP firms in Australia, with over 110 years of history.
The increase in scale from the purchase positions Xenith to benefit from a range of strategic and financial opportunities and will complement its existing geographic footprint, diversify and significantly enlarge its client profile and increase the scope of its service offering.
I want to take a moment to thank the management of Summit for making it such a worthwhile experience. I know you spent many months planning the event--and it showed. The workshops were relevant and very helpful. I especially liked your selection of plenary speakers.