Intellectual property services firm IPH completed the acquisition of ROBIC.

The acquisition, valued at approximately CAD$105 million ($118 million), was financed through cash payments of around CAD$68.3 million ($76 million), utilising IPH's debt facilities and cash reserves.

Approximately 6 million new IPH shares were issued to the vendors at an issue price of $6.91 per share, with a two-year escrow period.

A deferred earn-out consideration of up to CAD$5.6 million ($6 million) may be payable, contingent on ROBIC's earnings surpassing a specified threshold in the first 12 months post-transaction, with payment in a combination of cash and IPH shares.