Ansarada Group Limited (ASX:AND) signed an agreement to acquire TriLine GRC Pty Ltd for AUD 5.2 million on October 13, 2021. The consideration is funded from cash. TriLine GRC had a Revenue of AUD 2.2 million in fiscal year 2021. Transaction is expected to be completed on October 29, 2021. Acquisition is earnings accretive in year 1. Acquisition-related costs amounting to AUD 0.164 have been excluded from the consideration transferred and have been recognized as an expense in profit or loss in the half-year, within operating expenses.

Ansarada Group Limited (ASX:AND) acquired TriLine GRC Pty Ltd for AUD 5.3 million on October 29, 2021.