Nov 28 (Reuters) - MainstreamBPO Ltd MAI.AX :
* UK acquisition-MAI.AX
* Galileo is now wholly owned subsidiary of group and will continue to operate under its existing financial services licence
* Has acquired isle of man based fund administrator Galileo Fund Services Limited
* Deal expected to be earnings accretive
* Agreement to increase its presence in UK and broader EU region
* Galileo's revenues are expected to contribute a 5% annualised increase to group forecast revenue in FY17
* Consideration for transaction was funded with proceeds from group's existing acquisition facility
* Galileo is privately held specialist fund administrator with current funds under administration of aud $1.1 billion Source text for Eikon: ID:nASX7lSPRM Further company coverage: MAI.AX