Vysarn Limited (ASX:VYS) entered into a binding Share Sale Agreement to acquire Australian Groundwater Solutions Pty Ltd for AUD 2.9 million on September 30, 2021. Under the agreement, Vysarn Limited will issue 5 million shares and will pay AUD 2.50 million in cash. The purchase price assumes that Yield is acquired debt-free. On completion of the acquisition Yield will become a wholly owned subsidiary of Vysarn. The current Managing Director and majority shareholder Dwayne Moppet, will remain with Australian Groundwater Solutions having agreed to enter into an executive employment agreement for a term of three years to lead and grow the business under Vysarn?s ownership. The cash component of the acquisition consideration will be funded via a combination of cash reserves and debt. Completion of the satisfaction and consummation of due diligence and executive employment agreement having been executed by no later than November 30, 2021 and acquisition will be effective from September 30, 2021.