Keywords Studios plc (AIM:KWS) acquired all assets and business of Localizadora Latam SC for $1 million on December 15, 2017. Under the terms of the acquisition Keywords is paying a consideration comprised of US$0.48 million in cash and the issue of 10,106 new ordinary shares in Keywords, which will be subject to a one-year lock in period. Keywords will pay a further amount of up to $0.35 million in cash over the next 2 years dependent on Localizadora Latam SC achieving certain performance targets. Following the acquisition, Keywords Studios’ existing Kite Team operations in Mexico City will be integrated with those of Localizadora Latam SC. Localizadora Latam SC had revenues of $1.2 million in 2016. Alejandro González and Luis Daniel, founders of Localizadora Latam SC and the rest of team will join the Audio Service Line. Stuart Skinner and Kevin Cruickshank of Numis acted as financial advisors while James Black and Tom Ballard of Numis acted as brokers for Keywords Studios. Keywords Studios plc (AIM:KWS) completed the acquisition of all assets and business of Localizadora Latam SC on December 15, 2017.