March 6, 2017 / 10:40 PM / 4 months ago

BRIEF-Inabox Group says to acquire Logic Communications

1 Min Read

March 7 (Reuters) - Inabox Group Ltd:

* 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 Source text for Eikon: Further company coverage:

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