Oct 12 (Reuters) - Skydive Beach Group Ltd SKB.AX :
* Acquisition of Skydive queenstown SKB.AX
* Says skb will acquire 100% of the shares in sq group entities for a consideration of NZ$17M
* Says acquisition of New Zealand's leading tandem skydiving group announces A$19.6M equity raising
* The sq transaction is expected to be materially earnings accretive from completion under the agreement
* Acqusition will improving skb's guidance for FY 2016 to 130,381 tandems, A$54.9M revenue and A$13.5M EBITDA
* Says transaction is expected to complete by 30 October 2015
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