Kip McGrath Education Centres Limited (ASX:KME) entered into a confidential agreement to acquire five centres in Western Sydney and Bathurst for AUD 0.92 million on December 17, 2020. In related transaction, Kip McGrath Education Centres Limited will acquire major centre operating in Palmerston North for AUD 0.3 million. As per the transaction, Kip McGrath Education Centres Limited will pay AUD 0.6 million in cash and will issue 0.2 million shares which will be issued in new year. The transactions will complete in early January and is expected to have a positive impact on revenue of AUD 1.4 million for the remainder of the 2021 financial year and AUD 0.2 million EBITDA impact.