Ramssol acquires 51% in Geekstart

From left: GeekStart Company Limited chief relationship officer Rujirat Chuangsungnern, GeekStart chief technology officer Tanasak Tantitarntong, GeekStart chief financial officer Kitipat Veerachien, Ramssol Group Bhd group managing director and chief executive officer Datuk Seri Ts. Cllement Tan and Ramssol group chief operating officer Liew Yu Hoe.

BANGKOK: Human capital management solutions and technology provider Ramssol Group Bhd is acquiring a 51% stake in Bangkok-based Geekstart Co Ltd for RM6.9mil to expand its digital capabilities across South-East Asia.

The company said the acquisition exercise comes with a profit guarantee of about RM4.7mil for the financial year ending Dec 31, 2024 (FY24) and not less than RM7.05mil for FY25.