RXP Services Limited (ASX:RXP) entered into an agreement to acquire The Works Pty Ltd. for AUD 33 million on August 1, 2017. RXP Services Limited will pay AUD 25 million as initial payment and remaining will pay as earn out payments. Deferred consideration of AUD 7.5 million is payable on August 1, 2018, representing the deferral of 30% of the initial payment of AUD 25 million. The range of contingent consideration payable based upon FY18 EBITDA and FY19 EBITDA is between nil and AUD 8 million. RXP Services Limited raised AUD 16.9 million through the issuance of shares to finance the transaction and the remaining payment will be financed through existing cash reserves and debt facilities. The transaction is expected to be earning per share accretive. RXP Services Limited (ASX:RXP) completed the acquisition of The Works Pty Ltd. on August 1, 2017.