October 4, 2016 / 10:36 PM / in 10 months

BRIEF-Bapcor to acquire Mtq Engine Systems

1 Min Read

Oct 5 (Reuters) - Bapcor Ltd -

* Acquisition of Mtq Engine Systems (aust) Pty Ltd-BAP.AX

* Entered into binding agreements to acquire specialist wholesale diesel business of Mtq Engine Systems (Aust) Pty Ltd

* Bapcor's investment in acquisition is estimated to be $17 million

* Earnings from business after allowing for transaction costs, interest, depreciation ,tax expected to be included for seven months in FY17

* Acquired business will be earnings per share positive from completion Source text for Eikon: Further company coverage:

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