April 27 (Reuters) - GR Engineering Services Ltd GNG.AX :
* GR ENGINEERING ACQUIRES LEADING PROCESS CONTROLS BUSINESS
* INITIAL PURCHASE PRICE CONSIDERATION OF $14.5 MILLION
* ENTERED INTO AN AGREEMENT TO ACQUIRE MIPAC HOLDINGS PTY
* DEAL INCLUDES POTENTIAL FURTHER CONSIDERATION OF UP TO $6.9 MILLION
* DEAL WILL NOT HAVE MATERIAL IMPACT ON FY EARNINGS