Marlowe PLC Acquisitions (6812U)
31 Julio 2020 - 1:00AM
UK Regulatory
TIDMMRL
RNS Number : 6812U
Marlowe PLC
31 July 2020
31 July 2020
Marlowe plc
Acquisition of Rainbow Water Services Limited and Caritas Group
Limited
Marlowe plc ("Marlowe" or the "Group"), the specialist services
group focused on developing companies which assure safety and
regulatory compliance, announces that it has acquired Rainbow Water
Services Limited ("Rainbow Water") and Caritas Group Limited
("Caritas").
Based in Kent, Rainbow Water provides water treatment and
hygiene services to a broad range of customers within London and
the surrounding counties. The business, which will be immediately
integrated in to WCS Group, generated revenues of GBP1.0m and
EBITDA of GBP0.1m in the year to 31 August 2019.
Based in Lincolnshire, Caritas provides occupational health
services and was established in 1997. The business will be
integrated in to Managed Occupational Health, the Group's
occupational health operation. In the year to March 2020, Caritas
generated revenues of GBP0.4m and EBITDA of GBP0.1m.
The total consideration for the acquisitions of Rainbow Water
and Caritas, of GBP0.45m and GBP0.13m respectively, will be funded
from the Group's existing cash resources.
For further information:
Marlowe plc www.marloweplc.com
Alex Dacre, Chief Executive Tel: +44 (0) 203 813 8498
Mark Adams, Group Finance Director IR@marloweplc.com
Cenkos Securities plc (Nominated Adviser
and Joint Broker)
Nicholas Wells Tel: +44 (0)20 7397 8900
Ben Jeynes
Harry Hargreaves
Berenberg (Joint Broker)
Ben Wright Tel: +44 (0)20 3207
7800
Mark Whitmore
FTI Consulting
Nick Hasell Tel: +44 (0)20 3727
1340
Alex Le May
About Marlowe plc
Marlowe is a UK leader in specialist services which assure
safety and regulatory compliance, whilst managing risk for
businesses across the country. The company was formed to create
sustainable shareholder value through the acquisition and
development of businesses that provide regulated inspection,
testing and compliance services. It is focused on health &
safety, employment law compliance, fire safety, security, water
treatment & hygiene, air quality and occupational health
services - all of which are vital to the wellbeing of its customers
operations and are invariably governed by regulation. Marlowe
currently provides services to over 15% of Britain's commercial
premises and is increasingly attractive to customers who require a
single outsourced, nationwide, provider of a comprehensive range of
regulated compliance and safety services. Our customers can be
found in most office complexes, high streets & leisure
facilities, manufacturing plants and industrial estates, and
include SMEs, local authorities, facilities management providers,
multi-site NHS trusts and FTSE 100 companies.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
ACQSDIFWSESSEEW
(END) Dow Jones Newswires
July 31, 2020 02:00 ET (06:00 GMT)
Marlowe (LSE:MRL)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Marlowe (LSE:MRL)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024