The Perth-based company announced it purchased the remaining 70% stake in Kondinin by way of a share re-purchase.

Kondinin purchased all outstanding shares not owned by Aspermont with internal funds, due to the Grain Growers Association divesting its stake in the company, Aspermont said.

Aspermont chief executive officer Colm O’Brien said Kondinin would add around $A3 million of turnover to Aspermont operations.

“We have worked with Kondinin as a partner for nearly three years and are delighted to consolidate our relationship through this share re-purchase,” O’Brien said.

“The strong Kondinin Group and Farming Ahead brand, with its 56-year pedigree, aligns closely to Aspermont’s existing brands in terms of independence of editorial content, longevity in the marketplace and strong brand recognition.

“We recognise the enormous strength of the Kondinin brand in providing unique leading research for the agricultural industry and we will be looking to not only maintain this point of difference, but to also expand on it.”

The Kondinin acquisition will add new services – including research, training and contract publishing units - to the existing suite of Aspermont products.

The business will move to Aspermont’s Perth office later this month, which will result in immediate cost savings, Aspermont said.

Aspermont produces 13 print magazines including Australia’s Mining Monthly and RESOURCESTOCKS magazines as well as 12 online news services including MiningNews.net, MiningNewsPremium, PetroleumNews.net and EnergyNewsPremium.

Shares in Aspermont were last trading at 11c.