Cosol (ASX:COS) completed its acquisition of data analytics group Toustone in a deal valued at up to AU$22.4 million, according to a Monday filing with the Australian bourse.

The total consideration is subject to Toustone meeting profit hurdles, the filing said. The upfront consideration of AU$12 million comprises AU$8 million in cash and roughly 4.5 million in Cosol shares worth around AU$4 million.

The balance comprises up to AU$6.5 million in earn-out and up to AU$3.9 million in outperformance consideration, the filing said.

Cosol's shares were down nearly 3% in recent Monday trade.

Price (AUD): $1.00, Change: $-0.03, Percent Change: -2.91%