May 3, 2017 / 11:19 PM / 3 months ago

BRIEF-Eclipx Group to acquire Grays eCommerce group

1 Min Read

May 4 (Reuters) - Eclipx Group Ltd:

* 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 Source text for Eikon: Further company coverage:

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