Vonetize Plc (TASE:VNTZ) agreed Takoomi LTD for ILS 3.7 million on December 6, 2017. The transaction will be based on cash and Vonetize shares. 60% of the transaction value is conditioned on Takoomi meeting revenue growth targets and maintaining profitability margins for at least two years. Vonetize will pay $0.68 million (ILS 2.4 million) in cash and 0.42 million shares on completion. 0.21 million additional shares will be allocated at the end of the first quarter of year 2018. 0.96 million additional shares will be allocated to Takoomi quarterly over the course of 2 years, with the allocation in each quarter subject to the achievement of business objectives, regarding an increase in revenues and in the gross profit rate of the activity in that quarter, in accordance with the quantitative targets determined. Takoomi reported ILS 7 million in revenues and ILS 1.7 million in gross profit in 2016. Vonetize Plc (TASE:VNTZ) completed the acquisition of Takoomi LTD in the week ending January 12, 2018.