Management team agreed to acquire Acal Supply Chain Limited from Acal plc (LSE:ACL) for £11 million on December 5, 2012. Management team includes Robert Hall, Managing Director, Mark Hesketh, Finance Director and Jonathan King, Sales Director. Under the terms of agreement, initial gross consideration for the acquisition will be £2 million on a debt free basis, before transaction costs and subject to certain completion adjustments. Acal Plc's profitable enterprise services business, which is currently part of ASC Ltd, will be transferred into the remaining group prior to completion of the disposal. In addition, Acal will receive 25% of any incremental consideration over £2 million up to a maximum additional consideration of £9 million. For the year ending March 31, 2012, Acal Supply Chain reported revenue of £22.7 million and generated loss before tax of £0.5 million. As on September 30, 2012, Acal Supply Chain reported total assets of £9.4 million. The deal is subject to approval of shareholders of Acal Plc and is subject to completion of JCCO 313's committed funding arrangements. The deal got an approval from Board of Directors of Acal plc. Sale proceeds will be retained for working capital purposes, for future investment within Acal plc or as consideration for future acquisitions. The transaction is expected to be enhancing to underlying earnings of Acal plc. Nicholas Nelson and Guy McDougall of Cubitt Consulting acted as public relation advisors for Acal plc. Oriel Securities acted as financial advisor for Acal plc. Brian of Rickitt Mitchell acted as financial advisor for the management team.

Management team completed the acquisition of Acal Supply Chain Limited from Acal plc (LSE:ACL) on January 3, 2013. The deal got shareholder approval and all conditions to the deal have been satisfied.