Field Solutions Holdings Limited (ASX:FSG) entered into a binding heads of agreement to acquire the assets of Australian National Telecom Pty Ltd on July 5, 2017. Under the agreement, initial consideration of AUD 1.3 million – AUD 1.5 million will be in the form of cash and shares over 3 years based on performance. The current directors of Australian National Telecom Pty Ltd will be offered full time roles in the organisation moving forward. The acquired business is expected to be accretive to earnings and contribute revenue in excess of AUD 2.4 million in Financial Year 2018 after synergies. The transaction is expected to complete in the next 30 Days subject to conditions precedent. As part of the transaction, 6.48 million ordinary shares have been issued to the vendors. Field Solutions Holdings Limited completed the acquisition of the assets of Australian National Telecom Pty Ltd on November 29, 2017.