Marlowe PLC Acquisition of Firecrest Services Limited (6566E)
October 22 2018 - 2:00AM
UK Regulatory
TIDMMRL
RNS Number : 6566E
Marlowe PLC
22 October 2018
22 October 2018
Marlowe plc
Acquisition of Firecrest Services Limited
Marlowe plc ("Marlowe" or the "Group"), the support services
group focused on acquiring and developing companies that provide
critical testing and maintenance services, announces that it has
acquired Firecrest Services Limited ("Firecrest") for an enterprise
value of GBP0.26 million.
Based in Oxfordshire, Firecrest was founded in 2003 and provides
a range of fire safety services. For the year to 30 April 2018,
Firecrest generated unaudited revenues of GBP0.9 million and EBITDA
of GBP0.2 million.
For further information:
Marlowe plc www.marloweplc.com
Alex Dacre, Chief Executive Tel: +44 (0) 203 841
6194
Mark Adams, Group Finance Director IR@marloweplc.com
Cenkos Securities plc (Nominated Adviser and Broker)
Nicholas Wells Tel: +44 (0)20 7397
8900
FTI Consulting
Nick Hasell Tel: +44 (0)20 3727
1340
Alex Le May
About Marlowe plc
Marlowe is an AIM-listed company formed to create sustainable
shareholder value through the acquisition and development of
businesses that provide critical testing & maintenance services
in the UK. It is focused on fire protection, security systems,
water treatment and air quality services - which are essential to
its customers' operations and invariably governed by regulation,
and where customers require a single specialist outsourced provider
with nationwide coverage. Our customers can be found on most high
streets, in office complexes and industrial estates, and include
SMEs, local authorities, facilities management providers,
multi-site NHS trusts and FTSE 100 companies.
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END
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