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March 7 (Reuters) - Inabox Group Ltd (IAB) : Acquisition of...

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    07/03/17
    09:40
    Post #: 23145032

    March 7 (Reuters) - Inabox Group Ltd (IAB) :

    • Acquisition of Logic Communications
    • Acquisition is expected to be immediately earnings accretive
    • It has entered into a share purchase agreement to acquire 100% of shares of Logic Communications Pty Ltd
    • Deal for total consideration of $1.5 million in cash
    • Logic Communications will be acquired on a cash free, debt free basis
    • Acquired business is expected to contribute EBITDA in excess of $1 million in FY18 after synergies
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