Dec 15 (Reuters) - Greenearth Energy Ltd GER.AX :
* Vivid industrial to acquire ilum-a-lite GER.AX
* Says expected to make a positive EBIT contribution to group FY 2016 results
* Says current work in hand on existing lighting upgrade projects is expected to deliver over $5M revenue
* Says the cash component is expected to be funded from cash reserves
* Says purchase price is expected to total approximately $3M
* Its wholly owned subsidiary, vivid industrial, has entered into a heads of agreement to acquire 100% of ilum-a-lite pty ltd
* Source text for Eikon ID:nASXWll2m