Aug 5 (Reuters) - DWS Ltd DWS.AX :
* Acquisition of 75% shareholding in Phoenix it&t consulting DWS.AX
* Entered into a binding agreement to acquire 75% of the issued capital in Phoenix it & t consulting pty limited for $19.5M in cash
* Says acquisition of Phoenix is expected to provide DWS with annual revenue of over $40 million
* Says deal to be funded by debt
* Says transaction is expected to complete by the end of August 2015
* Says "on completion, DWS expects to have $24.5M of debt and cash reserves in excess of $10M"
* Deal expected to be EPS accretive in FY 2016
* Source text for Eikon ID:nASX3Zd97j