Ikea Pty Limited's principal activities are furniture and furnishing accessories retailing and distribution. The company's ultimate parent entity is Ingka Holding BV, a company registered in the Netherlands.
On 1 March 2017, Ikea Pty Ltd acquired 100% of the shares in Ashpark Pty Ltd, which specialised in retailing home furnishing products. The acquisition included Ashpark Pty Ltd's two subsidiaries, Cebas Pty Ltd and Sabec Pty Ltd. The initial purchase price of Ashpark Pty Ltd was AUD 170.48 million.