GEG grays ecommerce group limited
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News: GEG Eclipx Group to acquire Grays eCommerce group

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    04/05/17
    09:20
    Post #: 24459258

    May 4 (Reuters) - Eclipx Group Ltd (ECX) :

    • Entered into scheme implementation deed under to acquire 100% of shares in Grays Ecommerce Group
    • Deal implies a transaction value of $178.9 million
    • Excluding contribution from Grays, Eclipx is currently on track to deliver FY17 NPATA growth of 18 pct to 21 pct
    • Targets $20 million full run-rate synergies from deal, anticipated to be achieved within 12-24 months
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