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ASX ANNOUNCEMENT Strategic acquisition of leading EAM business to expand COSOL's data and digital solutions For personal use only • • • • COSOL to acquire Clarita Solutions Pty Ltd , an IT and Enterprise Asset Management ( EAM ) services business based in Brisbane , Australia which specialises in the implementation , management and business exploitation of IBM's Maximo EAM platform The acquisition is accretive to earnings and will contribute positively to COSOL's FY22 result The acquisition is strategic and aligns with COSOL's stated growth strategy to enhance its solution portfolio with capabilities in world leading digital solutions , and companies with digital proprietary IP Access to new distribution channels for existing COSOL Enterprise Data Management proprietary software and solutions such as RP Connect , Evergreen , and Copernicus , through cross - selling opportunities Upfront consideration of $ 7M in cash and 7,951,123 COS shares , with earn - out consideration of up to $ 3.75M paid in cash or COS shares subject to Clarita achieving performance hurdles based on future increases in audited EBIT over a 2 year period Brisbane , 8 November 2021 - COSOL Limited ( COSOL , ASX : COS ) ( " COSOL " ) is pleased to announce that it has executed a Share Purchase Agreement ( " SPA " ) to acquire Clarita Solutions Pty Ltd ( " Clarita " ) . Headquartered in Brisbane , Clarita is a dynamic , digital solutions company with specialist skills in IBM's Maximo ( a leader in the Gartner Magic Quadrant for EAM software platforms ) committed to transforming Enterprise Asset Management ( EAM ) operations . The complementary nature of the combined portfolio further positions COSOL as a global leader in the digital transformation market , and accelerates expansion and growth to create further value for shareholders . The strategic benefits of the acquisition include : the ability to expand both project and support services and capabilities across additional EAM platforms ( i.e. Ellipse , SAP , IBM Maximo ) establishes COSOL as the exclusive ANZ reseller of EZMaxMobile - the leading suite of digital mobile applications integrating seamlessly with IBM Maximo access to new distribution channels for existing COSOL Enterprise Data Management proprietary solutions and software such as RP Connect , Evergreen , and Copernicus , through cross - selling opportunities expansion of COSOL's internationally dispersed client base , now including New Zealand and North America earnings growth and earnings per share ( EPS ) accretion