JCurve Solutions Limited (ASX:JCS) agreed to acquire Business Assets of Rapid E-Suite Pte Ltd’s Thailand Operations from Rapid E-Suite Pte Ltd for SGD 0.8 million on July 2, 2021. The consideration includes cash of SGD 0.3 million and an earnout of SGD 0.5 million dependent on the sales level for the Thailand operations in the 12 months immediately post completion of the acquisition which will be paid in two tranches in February 2022 and August 2022. The cash portion of SGD 0.3 million will be paid on completion out of existing JCS cash reserves. The assets include Rapid E-Suite Pte Ltd’s existing 20 customers in Thailand, the associated business contracts, local Thailand development intellectual property and the Thailand operations goodwill. For the year ended 30 April 2021, Rapid E-Suite Pte Ltd generated SGD 0.62 million of revenue and an EBITDA of SGD 0.1 million from its Thailand operations. The acquisition is expected to complete on July 8, 2021. JCurve Solutions Limited (ASX:JCS) completed the acquisition of Business Assets of Rapid E-Suite Pte Ltd’s Thailand Operations from Rapid E-Suite Pte Ltd for SGD 0.3 million on July 9, 2021. As part of consideration, JCurve Solutions paid SGD 0.25 million and an earnout of SGD 0.05 million in cash for reaching a non sales milestone agreed between the parties.