Baylin Technologies Inc. (TSX:BYL) acquired radio frequency, terrestrial microwave and antenna equipment divisions from Advantech Wireless Do Brasil Produtos De Telecomunicações Ltda. on January 17, 2018. In a related transaction, Baylin Technologies acquired radio frequency, terrestrial microwave and antenna equipment divisions from Advantech Wireless Inc. on January 17, 2018. The aggregate consideration the transactions includes cash consideration of CAD 48 million, approximately CAD 1 million in stock, valued at CAD 3.24 per share, and target driven compensation. The target driven compensation will be paid between CAD 0.75 million to CAD 3 million in each of 2018 and 2019 conditional on the business meeting certain EBITDA targets. The consideration is subject to working capital adjustments. Baylin will fund CAD 48 million from its existing cash resources and new indebtedness. In connection to indebtedness, Baylin has entered into a credit agreement with Crown Capital Partners Inc., pursuant to which Crown will provide a CAD 33 million 9% per annum and maturing in 60 months term loan. Baylin would acquire title to the "Advantech" business name, intellectual property, customer contracts and other licenses, rights and contracts as a part of the transaction. The principals of Advantech have entered into a consulting agreement with Baylin, pursuant to which they will provide their services to Baylin for a period of two years. The transaction is subject to government approvals, including approval of TSX, Baylin securing required financing, shareholder approval, confirmation of due diligence investigation, not less than six of the Key Employees shall have accepted the Baylin’s offers of employment and other conditions. The transaction is expected to be significantly accretive to earnings per share even before synergies. Raymond James acted as exclusive financial advisor and Richard Kimel of Aird & Berlis LLP acted as legal counsel to Baylin. Robert Vineberg of Davies Ward Phillips & Vineberg LLP acted legal advisor to Advantech Wireless. Davies Ward Phillips & Vineberg LLP also acted as escrow agent in the transaction. Baylin Technologies Inc. (TSX:BYL) completed the acquisition of radio frequency, terrestrial microwave and antenna equipment divisions from Advantech Wireless Do Brasil Produtos De Telecomunicações Ltda. on January 17, 2018.