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BRIEF-Konekt agrees to acquire workplace health solution providers

Published 07/10/2015, 09:20 am
Updated 07/10/2015, 09:28 am
© Reuters.  BRIEF-Konekt agrees to acquire workplace health solution providers
KKT
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Oct 7 (Reuters) - Konekt Ltd KKT.AX :

* Konekt agrees to acquire workplace health solution providers KKT.AX

* The combined consideration for both businesses will be satisfied from existing cash reserves

* Says the combined acquisitions are anticipated to contribute revenues to Konekt (post completion) of approximately $2.8M in FY 2016

* Anticipated the acquisitions will be marginally EPS dilutive in the first half of FY 2016 and EPS accretive from the second half of FY 2016

* Agreements to acquire businesses of Applied Innovative Services (AIS) and innovative training and recruitment (itr), headquartered in south Australia

* Agreement also to acquire business of Insite Injury Management Group (IIMG) is also headquartered in south Australia with operations in NSW

* Says completion of the ais and itr acquisitions is expected to occur by the end of October 2015 and iimg by the end of November 2015

* Source text for Eikon ID:nASX527ZRg

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