Tomizone Limited (ASX:TOM) entered into an agreement to acquire Ironman Group Limited for NZD 4.6 million on September 27, 2017. Tomizone Limited will issue 9.2 million shares to be held in escrow for two years. Tomizone Limited will pay an earn-out of up to NZD 0.6 million after meeting an agreed upon profit over the next five years. This target equates to the full repayment of all debt, Tomizone Limited will assume upon completion of the transaction, estimated to be approximately NZD 3.8 million. Tomizone Limited is only obliged to issue the initial consideration shares following Tomizone Limited's annual general meeting. Tomizone Limited will pay the earn-out via issuance of a maximum of 36.8 million shares or in cash. The transaction is subject to the counterparties (including Ironman’s customers and suppliers) under each material contract giving written consent prior to completion that they will not exercise any contractual right to terminate such material contract as a result of the transaction, a material adverse change not occurring prior to completion and the satisfactory completion of a due diligence investigation of Ironman Group Limited by Tomizone Limited. The conditions to completion of the transaction are expected to be satisfied in the coming days, with completion to occur shortly thereafter. The transaction is expected to be accretive in nature. Tomizone Limited (ASX:TOM) completed the acquisition of Ironman Group Limited on October 9, 2017.