April 10 (Reuters) - Global Construction Services Ltd GCS.AX :
* Asx alert-GCS to acquire 100% of summit business and assets-GCS.AX
* Summit is to be acquired by GCS for a total transaction consideration of $18.4m, on a debt and income tax liability free basis
* Acquisition is expected to be strongly earnings per share accretive in FY18
* Signed business sale agreement and conditional offer to acquire 100% of business and assets of summit formwork and summit investment services Source text for Eikon: ID:nASX7yCCWz Further company coverage: GCS.AX