Konekt Limited (ASX:KKT) entered into an agreement to acquire Disability Employment Services Business of Artius Pty Ltd on August 9, 2019. The consideration includes a small revenue earn-out based on future performances. The transaction will be financed from cash reserves. The transaction is subject to consent by the Commonwealth Department of Social Services and other standard conditions. The transaction is expected to close during the quarter ending September 30, 2019. As of October 3, 2019, there remained a single condition precedent to completion of the acquisition. If that condition is met, the deal is expected to complete in the next few weeks. The transaction is expected to be EPSA accretive in the first year. Konekt Limited (ASX:KKT) completed the acquisition of Disability Employment Services Business of Artius Pty Ltd on October 25, 2019.