Acumentis Group Limited (ASX:ACU) agreed to acquire remaining 57.8% stake in Acumentis (WA) Holdings Pty Ltd for AUD 3.9 million on May 20, 2021. Under terms of agreement 55% of consideration will be paid in cash and remaining 45% will be paid in stock. The deferred consideration will be settled 55% in cash and 45% in newly issued Acumentis shares. As of June 30, 2021, Acumentis (WA) had revenues of AUD 6.9 million and net profit after tax of AUD 0.85 million. All executive shareholders of ACU WA will remain as employees of the business during the period to June 30, 2025. The deal is subject to obtaining financing for acquisition, approval by regulatory board and execution of employment contracts. The deal is expected to close on July 1, 2021.