Acal plc (LSE:ACL) acquired Variohm Holdings Ltd from Roy Moffatt and Joan Moffatt for £13.9 million on January 20, 2017. Consideration includes an initial cash consideration of £12 million with further contingent cash consideration of up to a maximum of £1.9 million, subject to the satisfaction of certain conditions and growth targets. The initial consideration has been funded from the Acal's syndicated debt facility and acquisition funding will then be repaid from the net proceeds of the proposed placing. Roy Moffatt and the management team will remain with the business following completion. Variohm Holdings reported audited revenues of £19.4 million, EBITDA of £2 million, gross assets of £7.5 million and profit before tax of £1.6 million, for the year ended April 30, 2016. Acquisition is expected to be enhancing to the Acal's underlying earnings in the first full year post-completion ending March 31, 2018. Jock Maxwell Macdonald, Justin Jones, Matthew Brooke-Hitching Peel Hunt LLP of acted as a broker and Mark Garraway Helen Tarbet, James Gray of Instinctif acted as public relations advisor to Acal. Amanda Hall and Andrew Clegg of Quercus Corporate Finance acted as financial advisors to the shareholders of Variohm Holding Limited. Acal plc (LSE:ACL) completed the acquisition of Variohm Holdings Ltd from Roy Moffatt and Joan Moffatt on January 20, 2017.