Saunders International Limited (ASX:SND) agreed to acquire PlantWeave Technologies Pty Ltd on August 1, 2021. As per the transaction, Saunders International Limited will pay upfront cash payment and deferred consideration consisting of payment to the owners of 45% EBIT in year 1 of this group?s earnings, 30% in year two and 20% in years 3. The deferred cash payment to be paid or that may be payable under the earn-out plan will be funded from Saunders PlantWeave?s operating cash. As a part of the transaction, PlantWeave Technologies Pty Ltd?s Managing Director, Robert Harvey, along with the group?s key management personal and PlantWeave Technologies Pty Ltd?s team will join Saunders International Limited. PlantWeave Technologies Pty Ltd ?s existing management team have committed to continuing their roles in the Saunders PlantWeave business. Saunders anticipates that the acquisition will be earnings per share (EPS) accretive post integration. Saunders International Limited (ASX:SND) completed the acquisition of PlantWeave Technologies Pty Ltd on August 1, 2021.