SHAPE Australia (ASX:SHA) agreed to acquire Australian Professional Shopfitters from Handa Manufacturing for up to AU$29.4 million, according to a Thursday filing with the Australian bourse.
The transaction includes an upfront consideration of AU$20.4 million and up to AU$9 million in contingent consideration over a two-year earn-out period, the filing said.
Consideration and transaction costs for the acquisition will be funded through cash and scrip, per the filing.
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