Acquisition of Kingfisher Environmental Services

RNS Number : 0671W

Marlowe PLC

30 July 2018

 

30 July 2018

Marlowe plc

Acquisition of Kingfisher Environmental 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 Kingfisher Environmental Services Limited ("Kingfisher"), further extending the Group's national footprint in the water treatment market.

Founded in 1999 and employing approximately 40 staff, Kingfisher operates nationally from its headquarters in Ware, Hertfordshire and provides water treatment and hygiene services with a strong focus on the leisure and hospitality sectors.

For the year to 30 September 2017, Kingfisher generated unaudited revenues of £2.8 million, the majority of which were contracted recurring testing and maintenance revenues.  

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 Broker)
Nicholas Wells	Tel: [phone]
FTI Consulting
Nick Hasell	Tel: [phone]
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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