Clime Investment Management Limited (ASX:CIW) agreed to acquire MTIS WEALTH MANAGEMENT from Pauline Hammer and Anna G for AUD 7 million on May 19, 2022. The acquisition price will be paid in three stages with a first payment on July 1, 2022, and two further payments (subject to agreed adjustments) over the next 2 years. The acquisition will be funded from existing cash reserves.

The deal is expected to close on July 1, 2022.