Marlowe PLC Acquisition of Griffin Fire (5200F)

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RNS Number : 5200F

Marlowe PLC

22 March 2022

Marlowe plc

Acquisition of Griffin Fire

Marlowe plc ("Marlowe" or the "Group"), the leader in business critical services and software which assure regulatory compliance, announces that it has acquired Griffin Fire, incorporated as Griffin and General Fire Services Limited ("Griffin Fire"), a provider of fire safety services, for an enterprise value of GBP0.7 million.

For the year ended 31 December 2020, Griffin Fire generated profit before tax of GBP0.2 million on revenue of GBP1.4 million. Net assets at 31 December 2021 were GBP0.4 million. The acquisition will be funded from Marlowe's existing cash resources.

For further information:

 
Marlowe plc                                          www.marloweplc.com 
Alex Dacre, Chief Executive                         Tel: +44 (0) 203 
                                                     813 8498 
Adam Councell, Chief Financial Officer                IR@marloweplc.com 
Julian Wais, Head of Investor Relations 
 Benjamin Tucker, Investor Relations Manager 
Cenkos Securities plc (Nominated Adviser and Joint 
 Broker) 
Nicholas Wells                                      Tel: +44 (0)20 7397 
                                                                   8900 
Ben Jeynes 
 
Berenberg (Joint Broker) 
Ben Wright                                          Tel: +44 (0)20 3207 
 Mark Whitmore                                                     7800 
Stifel (Joint Broker) 
Matthew Blawat                                          Tel: +44 (0) 20 
                                                              7710 7688 
Francis North 
 
 FTI Consulting 
Nick Hasell                                         Tel: +44 (0)20 3727 
                                                                   1340 
Alex Le May

About Marlowe plc

Marlowe is a UK leader in business-critical services and software which assure safety and regulatory compliance. The company was formed to create sustainable shareholder value through the acquisition and development of businesses that provide regulated safety and compliance services. It is focused on compliance software, eLearning, health & safety, employment law and HR compliance, fire safety & security, water & air hygiene 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 software to over 1 million users and services to over 25% of Britain's commercial premises. The Group provides customers with a single outsourced, nationwide, provider of a range of regulated compliance and safety solutions. Our customers can be found in office complexes, high streets and leisure facilities, manufacturing plants and industrial estates, and include thousands of SMEs, local authorities, facilities management providers, multi-site NHS trusts and FTSE 100 companies.

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March 22, 2022 03:00 ET (07:00 GMT)

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