Acquisition

Rentokil Initial PLC 13 March 2001 RENTOKIL INITIAL MAKES £3.3M SECURITY ACQUISITION IN USA Rentokil Initial, the global business services company, announces that it has purchased the share capital of CPS Security Inc, a US security guarding company. CPS, a privately owned company trading as Collins Security, operates in the greater Los Angeles, California, area. In 2000 it had turnover of circa $12m (£8m). Purchase consideration, payable in cash, is $4.9m (£3.3m). Commenting upon this acquisition, Sir Clive Thompson, Rentokil Initial Chief Executive, said:- 'The purchase of Collins, which will be a high quality bolt-on to our existing Californian security guarding operation, continues our selective programme of acquisitions aimed at strengthening our presence in the principal US regional markets.' Enquiries: Sir Clive Thompson, Chief Executive Roger Payne, Finance Director 01342 833022
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