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BRIEF-Origin Enterprises acquires digital agricultural services group, Resterra Group
March 9, 2017 / 7:29 AM / 7 months ago

BRIEF-Origin Enterprises acquires digital agricultural services group, Resterra Group

March 9 (Reuters) - Origin Enterprises Plc:

* Acquired 100 per cent interest in digital agricultural services group, Resterra Group

* Deal for an initial cash consideration of GBP 11.4 million

* Origin enterprises-additional contingent deferred consideration of up to GBP 4.8 million will be payable based upon achievement of specific profit targets

* Deal funded from existing bank facilities, is expected to be earnings enhancing in first full year of ownership Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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