July 13 (Reuters) - Bigair Group Ltd BGL.AX :
* Bigair announces acquisition of Applaud IT
* Entered into a binding share sale agreement to acquire all of the shares in Applaud It Pty Ltd
* Says Applaud is expected to generate revenues between $6 million and $7 million and EBITDA of at least $700,000 in FY 2016
* Will acquire applaud for an all cash consideration of $1.2 million payable on completion
* Acquisition is expected to be EPS accretive from FY 2016
* Says deal is expected to complete in July 2015
* Says applaud will operate as a wholly owned subsidiary within Bigair Group
* Source text for Eikon ID:nASXGJhRR