Over the Wire Holdings Limited (ASX:OTW) entered into a binding agreement to acquire Telarus Pty Ltd for AUD 7.6 million on December 8, 2016. The acquisition will be funded out of existing cash reserves and from partial drawdown of a debt facility which is expected to be established prior to completion. The consideration implies a transaction multiple of approximately 5-times financial year 16 EBITDA prior to the realization of any synergies. For the financial year 2016, Telarus Pty Ltd reported revenues of AUD 11.6 million and EBITDA of AUD 1.5 million. The transaction is subject to a number of conditions. The completion of the acquisition is expected to take place on January 16, 2017. The acquisition is expected to offer attractive EBITDA and EPS accretion to Over the Wire on a full year basis. Over the Wire Holdings Limited (ASX:OTW) completed the acquisition of Telarus Pty Ltd on January 15, 2017. The consideration is funded via partial drawdown of an AUD 10 million debt facility and existing cash reserves.