Global asset management solutions provider COSOL has acquired AssetOn Group for $29 million. 

The deal includes an upfront cash payment of $18 million and 4.8 million shares at $0.83 per share. 

An additional $7 million is contingent on AssetOn Group's FY24 EBITDA and recurring monthly revenue.

COSOL, listed since January 2020, supports large-scale asset owners in achieving sustainability, operational efficiency, and profitability.