Faster Enterprises Limited (ASX:FE8) signed a non-binding agreement to acquire All the Assets and Undertakings from Synergy Solution Management Group Limited on August 27, 2018. The consideration to be paid by Faster will be by the issue of new shares. For the financial year ended December 31, 2017, the Synergy assets and undertakings to be acquired delivered revenue of AUD 17.8 million and operating EBITDA of AUD 4.8 million. The transaction is subject to approval of shareholders of Faster Enterprises. The proposed acquisition will accelerate development of the business assets and building technology of Faster. Faster Enterprises Limited (ASX:FE8) cancelled the acquisition of All the Assets and Undertakings from Synergy Solution Management Group Limited on August 27, 2019.