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
March 8 (Reuters) - Over The Wire Holdings Ltd (OTW) : To...
Add to My Watchlist
What is My Watchlist?