Acquisition of Waste Water Services Pty Ltd seems a good fit to broadening the scope of the company.

 Cash consideration of $7.5 million

Company will pay an Enterprise Value/EBITDA acquisition multiple of 3.27x

 Projected earnings per share accretion of greater than 20%

Company has identified immediate organic growth initiatives for WWS.

WWS has been operating for over 25 years, has 18 staff, a manufacturing facility in Western Australia, and has long standing blue chip Tier 1 clients across the mining, oil and gas and industrial sectors.

WWS Manufactured Products include:

• Specialised sewage transfer stations

• Industrial waste systems • Sewage treatment plants

• Potable water systems • Industrial and agricultural dosing systems

• Temporary sewage treatment plants and potable water plants for short-and long-term hire WWS Products and Services include:

• Department of Health monitoring of wastewater treatment plants • Software engineering incl. SCADA and remote monitoring

• Supply, repair and overhaul of pumps

• Sourcing and supply of spare parts

• Supply of chemicals for water and sewage treatment

• Servicing, training and audit of wastewater treatment plants 

Disc Held in RL - largest position.