March 8 (Reuters) - Over The Wire Holdings Ltd OTW.AX :
* To acquire spiderbox
* Says entered into a conditional business sale agreement to acquire the assets
of access wireless and cable pty ltd
* Total consideration payable will be $0.7 million if all conditions are met
* Says acquisition will be fully funded via existing cash reserves
* Acquisition is expected to contribute $1.2 million on an annualised basis with EBITDA in-line with current otw EBITDA margins
* Acquisition introduces approximately 100 new business customers to Over The Wire with a complementary product set
* Says spiderbox's staff will also transition to Over The Wire
* Source text for Eikon