Acquisition of The Philton Group Limited

RNS Number : 9421N

Marlowe PLC

15 August 2017

 

14 August 2017

Marlowe plc

Acquisition of The Philton Group Limited

Marlowe plc ("Marlowe" or the "Company"), the support services group focused on acquiring and developing companies that provide critical asset maintenance services, announces that it has acquired The Philton Group ("Philton"), a provider of fire protection services based in Watford, Hertfordshire.

Philton provides a portfolio of fire protection services, including the installation, service and maintenance of fire detection and fire suppression systems.

Philton is being purchased for a total enterprise value of £0.2 million. For the 12 months ended 30 April 2016, Philton generated revenues of £1.2 million and profit before tax of £0.1 million.

For further information:

Marlowe plc	www.marloweplc.com
Alex Dacre, Chief Executive	Tel: [phone]
	[e-mail]
Cenkos Securities plc (Nominated Adviser and Broker)
Nicholas Wells	Tel: [phone]
Elizabeth Bowman
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 asset maintenance services in the UK.  It is focused on fire protection, security systems, water treatment and air hygiene 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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