Ashley Services Group Limited (ASX:ASH) acquired The Instruction Company Pty Ltd for AUD 1.9 million on September 15, 2020. The final acquisition price will be between AUD 1.85 million to AUD 2 million. The purchase consideration will be funded from existing cash reserves. Unaudited financial year 2020 results for The Instruction Company was a normalized EBITDA of AUD 0.5 million on revenue of AUD 2.4 million. The acquisition is expected to be EPS accretive in financial year 2021. Ashley Services Group Limited (ASX:ASH) completed the acquisition of The Instruction Company Pty Ltd on September 15, 2020. The acquisition price was AUD 1.85 million. The initial payment of AUD 1.1 million was made on completion with two further payments of AUD 0.375 million each to be made on the 3 month and six month anniversaries of the completion date. As part of acquisition, the cash acquired was AUD 0.464 million.