Castleton Technology plc (AIM:CTP) acquired Kinetic Information Systems Pty Ltd for AUD 3 million on December 4, 2017. As consideration, an initial cash payment of AUD 2 million was paid with a deferred cash payment of AUD 0.5 million payable on the second anniversary of completion. A further cash payment of up to AUD 0.5 million may be paid on or before October 31, 2018 dependent on Kinetic Information Systems Pty Ltd’s EBITDA for the year ended June 30, 2018. Kinetic Information Systems Pty Ltd was acquired on a cash and debt free basis with a normalized level of working capital. The initial cash consideration for the acquisition was financed through Castleton Technology plc’s existing facilities with Barclays Plc. As of June 30, 2017, Kinetic Information Systems Pty Ltd reported gross assets of AUD1.6 million. The management and staff of Kinetic Information Systems Pty Ltd would remain post acquisition. The acquisition is expected to be earnings enhancing in the coming financial year to March 31, 2019. Jonny Franklin-Adams and Simon Hicks of FinnCap Ltd. and Marc Young and Charlotte Stranner of MXC Capital Markets LLP acted as financial advisors to Castleton Technology plc. Castleton Technology plc (AIM:CTP) completed the acquisition of Kinetic Information Systems Pty Ltd on December 4, 2017.