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BRIEF-PS&C Ltd acquires services business

Published 15/10/2015, 04:54 pm
© Reuters.  BRIEF-PS&C Ltd acquires services business
ASV
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Oct 15 (Reuters) - PS&C Ltd PSZ.AX :

* Acquisition PSZ.AX

* Says further payments will be made based on EBIT achieved through to 2018

* Says initial payment represents approximately 4 times the expected full year 2016 result

* Says transaction meets internal rates of return and is expected to be EPS accretive

* Says acquired a Melbourne and Sydney-based it services business

* Source text for Eikon ID:nASX7MTdvN

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