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Posted:
2017-07-24 02:46:25
Tempo Australia has announced the acquisition of NSW-based electrical engineering company KP Electric for up to $10.1 million.
ASX-listed Tempo will pay an initial $6.8 million in cash to acquire KP Electric, plus a further $3.3 million subject to the achievement of certain milestones.
The acquisition price represents an EBITDA multiple of 2.5x.
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