Feb 24 (Reuters) - Threat Protect Australia Ltd (TPS)
- Threat Protect exercises options to acquire Apollo Security
- Deal for approximately $6.0 million
- Anticipated revenue from Apollo business will increase company's total monitoring revenue to over $4.5 million in FY 2017
- Expects acquisition to be immediately earnings per share accretive, and to positively contribute to Threat Protect's H2 2017 revenue and earnings
- Deal will be fully funded by company's acquisition funding facility with First Samuel Limited
- Following acquisition, Threat Protect would have annual pro-forma revenue of over $10.0 million
- Deal rationale includes potential integration synergies include significant service improvements and cost reductions
