Aug 20 (Reuters) - Zip Co Ltd Z1P.AX :
* ENTERED INTO AN AGREEMENT TO ACQUIRE 100% OF SHARES IN GLOBAL INSTALMENT TECHNOLOGY PLATFORM, PARTPAY LIMITED
* CONCURRENTLY AGREED TO ACQUIRE A DIRECT STRATEGIC EQUITY INTEREST IN NEW YORK BASED QUADPAY INC.
* PARTPAY ACQUISITION INVOLVES TOTAL UPFRONT CONSIDERATION OF NZ$50.8 MILLION
* ACQUISITION CONSIDERATION WITH EARN-OUT OF UP TO NZ$15.0 MILLION BASED ON CERTAIN PERFORMANCE MILESTONES BEING ACHIEVED DURING FY20 AND FY21