Ideagen plc (AIM:IDEA) acquired Scannell Solutions Ltd for €3.93 million (£3.5 million) on January 14, 2019. The consideration by Ideagen will be paid in cash where, €3.36 million (£3.0 million) will be paid on completion and €0.56 million (£0.5 million) is deferred for 12 months. The Acquisition is expected to be earnings neutral in this financial year and in the first full year of ownership will contribute €0.3 million additional EBITDA following the realisation of identified synergies. Scannell has a revenue of €1 million. The consideration is being funded from Ideagen's existing cash reserves and debt facility. Henrik Persson, James Thompson and Alice Lane of FinnCap Ltd. acted as a financial advisor to Ideagen plc. Ben Walmsley, Brigit Hanwell of Peregrine Law Limited acted as legal advisor to Ideagen plc (AIM:IDEA). David O’Donnell of Mason Hayes & Curran Solicitors acted as legal advisor to Ideagen plc (AIM:IDEA) and Peregrine Law Limited. Ideagen plc (AIM:IDEA) completed the acquisition of Scannell Solutions Ltd on January 14, 2019.