Field Solutions Holdings Limited (ASX:FSG) entered into a binding agreement to acquire assets of Ordnance Networks Pty Ltd for AUD 0.4 million on October 1, 2019. Under the terms of transaction, the initial consideration of AUD 0.2 million shall be paid in cash or shares at the 10-day VWAP prior to settlement; deferred consideration of AUD 0.2 million, subject to new revenue delivered for the year ending June 30, 2020 and minimum contribution margins; and performance consideration of 20% of cumulative earnings contribution from Ordnance Networks for 3 years ending June 30, 2023. In a related transaction, Field Solutions Holdings Limited entered into a binding agreement to acquire IP Transit Pty Ltd for AUD 0.34 million on October 1, 2019. Shares issued as consideration for the IP Transit and Ordnance Network transactions will be subject to a 12-month escrow from the date of issue. The transaction is subject to approval by the shareholders of Field Solutions. As on October 25, 2019, the transaction has been unanimously approved by the Board of Directors of Field Solutions. As on November 29, 2019, the shareholders of Field Solutions Holdings approved all the resolutions. The transaction is expected to be completed on November 30, 2019. The acquisition of the IP Transit and Ordnance businesses are immediately financially accretive and will contribute new revenue to the group of at least AUD 1.2 million and be significantly earnings accretive in financial year 2020. Field Solutions Holdings Limited (ASX:FSG) completed the acquisition of assets of Ordnance Networks Pty Ltd during the year ended on June 30, 2020. The consideration is comprised of initial consideration of AUD 0.2 million paid as cash amounting to AUD 0.053 million and 7.05 million shares issued on February 2, 2020 will be escrowed for 12 months and deferred consideration of AUD 0.2 million.