Acquisition

RNS Number : 2128B

Rentokil Initial PLC

14 February 2011

 



14 February 2011

Rentokil Initial acquires Santia's Services division

Rentokil Initial plc (FTSE: RTO) today announces the acquisition of the Services Division of Santia Group, previously known as Connaught Compliance Ltd, for a cash consideration of £5.6 million with up to an additional £3 million depending on various post closing adjustments. The acquisition is effective immediately and is expected to generate annualised revenues of £24 million.

Santia's Services Division consists of 3 business units - Fumigation & Pest Control; Water Treatment & Hygiene; Fire Safety & Prevention. Pest control will be merged with Rentokil's UK Pest business. Water will be merged with Rentokil's existing UK Water Hygiene business within the Initial Facilities Services (IFS) division. Fire will form a separate business unit within the IFS division.

Our immediate priorities will be to deliver excellent service to our new customers and to engage with the 430 colleagues who will join us as a result of this acquisition.

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About Rentokil Initial

Rentokil Initial is one of the largest business services companies in the world, operating in all the major economies of Europe, North America, Asia Pacific and Africa.  The company has some 68,000 employees providing a range of support services in over 50 countries. Services include textiles and washroom services, pest control, tropical plants, parcels delivery and facilities services.

http://www.rentokil-initial.com

For further information

Media enquiries:

Malcolm Padley, Corporate Communications

Rentokil Initial plc

[phone]

Wendel Verbeek / Oliver Hughes

Brunswick Group

[phone]

Shareholder/analyst enquiries:

Katharine Rycroft, Investor Relations, Rentokil Initial plc, [phone]

 

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