Australia's HRL Holdings to buy Precise Consulting

Tue, 23 Dec 2014

By Suze Metherell Dec. 24 (BusinessDesk) - HRL Holdings, the ASX-listed geothermal exploration company, has agreed to buy Precise Consulting, a hazardous material testing laboratory, for $5 million plus any earnout considerations. The Queensland-based company will pay up to an earnout consideration of up to $2.5 million for the Christchurch-based lab services company, if it delivers more than $2.5 million in earnings before interest and tax in the year ended Dec. 31, 2015, HRL said in a statement to the ASX. The sale is dependent on ASX...

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