Aquila Services Group plc (LSE:AQSG) acquired Oaks Consultancy Ltd for £1.8 million on June 11, 2019. Under the terms of the transaction, 35% of consideration is to be paid in cash and 65% of the consideration is to be paid by issuing shares. Aquila Services Group plc paid initial cash consideration of £0.20 million and issued 2.3 million ordinary shares. As of November 11, 2019 Aquila Services Group plc paid balance of £0.20 million cash and issued £2.5 million shares. The consideration is subject to further adjustments based on the final accounts of Oak for the year ended March 31, 2021. The consideration shall not exceed £1.7 million. Oaks reported a turnover of £0.91 million for the twelve months ending March 31, 2019, Post completion of the acquisition, Steve Douglas will be made the group Chief Executive and Fiona Underwood will take the responsibility as Chief Executive Officer of Altair. Roland Cornish of Beaumont Cornish Limited acted as financial advisor to Aquila Services Group plc. Aquila Services Group plc (LSE:AQSG) completed the acquisition of Oaks Consultancy Ltd on June 11, 2019.