OTW over the wire holdings limited

March 8 (Reuters) - Over The Wire Holdings Ltd (OTW) : To...

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    March 8 (Reuters) - Over The Wire Holdings Ltd (OTW) :

    • To acquire spiderbox
    • Says entered into a conditional business sale agreement to acquire the assets

      of access wireless and cable pty ltd

    • Total consideration payable will be $0.7 million if all conditions are met
    • Says acquisition will be fully funded via existing cash reserves
    • Acquisition is expected to contribute $1.2 million on an annualised basis with EBITDA in-line with current otw EBITDA margins
    • Acquisition introduces approximately 100 new business customers to Over The Wire with a complementary product set
    • Says spiderbox's staff will also transition to Over The Wire
 
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