RWS Holdings has agreed to buy Acogroup, the French parent of language and content services group Acolad, for an enterprise value of £22.4 million (€26.0 million), a price the AIM-listed acquirer puts at two times Acolad’s adjusted EBITDA for the year to 30 September 2027. The cheque is larger than that figure suggests. RWS will pay total consideration of £40.2 million (€46.6 million), which includes payment for roughly £17.8 million of cash sitting in the business at completion. Strip that out…