Acumentis Group Limited (ASX:ACU) entered into an unconditional agreement to acquire Saunders & Pitt for AUD 0.55 million on March 15, 2021. The consideration comprises of an AUD 0.15 million cash payment and AUD 0.4 million in newly issued Acumentis shares. The acquisition enhances the Acumentis’s regional coverage and value to clients, advancing Acumentis’ growth trajectory. Acumentis anticipates hiring additional valuers in Tasmania and expanding the range of services it provides to Tasmanian clients in line with the broader Australian business. Acumentis does, however, expect to be able to derive additional operating profit for the business from its existing clients where, historically, Acumentis has used sub-contractors to deliver these services in Tasmania. Saunders & Pitt, for the year ended June 30, 2020, generated revenues of AUD 1.56 million and EBITDA of AUD 0.19 million. The acquisition will complete effective March 31, 2021. Acumentis estimates that the EPS of the acquired income stream, based on the incremental profits and new shares issued, will be approximately 4.7 cents. The acquisition will increase the overall expected EPS by approximately 5%.