Advancer Global (43Q:SES), an integrated services provider offering workforce solutions and services in Singapore, announced that its subsidiary Advancer Global Security invested in Eazable, a Singapore-based company involved in the development of e-commerce applications.

Advancer Global Security acquired 45% of the total issued and paid-up share capital of Eazable Pte. Ltd. with effect from 15 January 2021, representing 135,000 ordinary shares for a total cash consideration of SGD 180,000 (approximately USD 135,300) from Gan Chui Goh.

Gan is the sole director of Eazable, and Gan is an independent and unrelated third party to the company, its directors and controlling shareholders or their respective associates.

Following the completion of the acquisition, Eazable will become an associate of Advancer Global Security and the company.

Eazable has developed mobile and web applications for residents and managing agents of condominiums in Singapore integrating, on a single platform, the engagement of gate access control, home services including but not limited to helper and cleaning services and aircon services, facilities booking, e-bulletin, e-feedbacks, digital forms and e-payments.

According to Advancer, the investment is in line with the group’s long-term business strategy to integrate the use of the technology into its operations.

The Board said it is of the view that the investment will allow the group to tap on the technological knowledge and know-how of Eazable which would in the long run complement and create synergies with the group’s facility management services. This would allow the group to further strengthen its service offerings and augment a unique selling proposition for the group’s services, giving the group a competitive advantage in the facility management sector.

In August 2020, the group reported revenue for the half year ended 30 June 2020 of SGD 27.6 million (USD 20.1 million), a fall of 19.7% compared to the same period last year.