Acquisition of Deminos Consulting Limited

RNS Number : 2828O

Marlowe PLC

29 May 2020

 

29 May 2020

Marlowe plc

Acquisition of Deminos Consulting 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 Deminos Consulting Limited ("Deminos").  

Based in Gateshead, Deminos provides subscription-based HR & employment law compliance services to a range of SMEs across the UK. The business will be integrated into Law At Work, the Group's HR, employment law and health and safety compliance operation.

In the year to July 2019, Deminos generated revenues of £1.0m and EBITDA of £0.2m. The total consideration for the business is expected to be £0.7m. The acquisition will be funded from the Group's existing cash and debt facilities.

For further information:

Marlowe plc	www.marloweplc.com
Alex Dacre, Chief Executive	Tel: [phone]
Mark Adams, Group Finance Director	[e-mail]
Cenkos Securities plc (Nominated Adviser and Joint Broker)
Nicholas Wells	Tel: [phone]
Ben Jeynes
Harry Hargreaves
Berenberg (Joint Broker)
Ben Wright		Tel: [phone]
Mark Whitmore
FTI Consulting
Nick Hasell		Tel: [phone]
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.

 

END

 

 

ACQKKFBBABKDCPB