MSL Solutions Limited (ASX:MSL) acquired SwiftPOS for AUD 9.7 million on November 17, 2020. As per the terms, the consideration includes AUD 4.5 million cash, AUD 0.5 million of ordinary shares based on a 10-day VWAP prior to completion, AUD 0.75 million holdback payable on the first anniversary, subject to net tangible asset and warranties adjustments and 3 year maximum earnout of AUD 4.2 million based on agreed gross margin growth. MSL will initially fund the acquisition from existing cash reserves. MSL is currently finalizing a debt facility to provide up to AUD 2.5 million of loan facility to support the acquisition at market competitive rates, this facility is expected to be in place in early December 2020. SwiftPOS founder and Managing Director, Grahame Day will transition to the role of General Manager, SwiftPOS at MSL Solutions Limited. MSL Solutions Limited will also integrate all 17 current SwiftPOS employees into its workforce. The transaction is EBITDA earnings accretive with over $1.5 million in EBITDA and positive cashflows. MSL Solutions Limited (ASX:MSL) completed the acquisition of SwiftPOS on November 17, 2020.