DWS Limited (ASX:DWS) entered into an asset sale agreement to acquire certain assets of the software services and products business of Object Consulting Pty Ltd for AUD 4.3 million on September 25, 2019. Under the agreement, DWS will acquire Object Consulting’s rights and obligations under current customer contracts, various plant and equipment as well as software products and intellectual property used to provide services to customer contracts. The purchase price for the assets being acquired is ex GST. The acquisition will be funded using cash reserves and existing bank facilities. Completion of the asset sale is subject to acceptance of offers of employment by certain key employees as well as an agreed threshold acceptance rate from other employees and verification of software products being acquired. Subject to satisfaction of the relevant conditions, completion is scheduled for 2 October 2019. DWS expects the acquisition to be earnings accretive.