Castleton Technology plc (AIM:CTP) acquired Deeplake Digital Limited for £1.8 million on January 10, 2019. Consideration for the acquisition is an upfront cash payment of £1.8 million. Deeplake Digital is acquired on a cash and debt free basis, with a normalized level of working capital. The cash consideration for the acquisition is being financed through the Group's existing cash reserves and a refinancing of the Group's existing facilities with Barclays Plc which limit is now being extended by £1.5 million to £4.0 million. In the year to June 30, 2018, the Deeplake Digital business generated revenues of £0.8 million and normalized EBITDA of £0.3 million. The existing key staff in Deeplake Digital will join Castleton, ensuring high quality delivery and continuity. The acquisition is expected to be earnings enhancing in the next full financial year to March 31, 2020. Jonny Franklin-Adams, Simon Hicks and Andrew Burdis of finnCap Ltd acted as financial advisors to Castleton Technology. Castleton Technology plc (AIM:CTP) completed the acquisition of Deeplake Digital Limited on January 10, 2019.