The DFS Group's acquisition of Sofology is complete, reported the upholstery group this morning.

Further to the announcement on 3rd August and the deal being greenlit by the Competition and Markets Authority on 20th November, DFS has confirmed the legal completion of the acquisition of Sofology for an initial debt-free, cash-free enterprise value of £25m.

Added to this will be a multiple of its underlying EBITDA (to a maximum of £105m), which will be calculated based on the 12 months ending 30th September 2018.