Valmec Limited (ASX:VMX) entered into a business sale agreement to acquire business and assets of Apts Pty Ltd on January 4, 2018. The consideration will be paid in cash which is payable on completion. The transaction will be funded from working capital and additional debt facilities. The transaction is expected to close in late January 2018. The transaction is expected to be earning per share accretive in financial year 2018.