Acquisition

RNS Number : 0706W

Rentokil Initial PLC

20 December 2013

 



20 December 2013

Acquisition

Rentokil Initial plc (FTSE: RTO) has today agreed to acquire the pest control division of Green Compliance Plc (the Business) for a total consideration of £4.0m in cash: £3.25m in initial consideration, with a further £0.75m payable over 12 months in line with normal contractual protections and the achievement of certain operational targets. The Business had audited revenues of £5.0m for the year ended 31 March 2013. The transaction is anticipated to complete on 31 December 2013.

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About Rentokil Initial plc

Rentokil Initial is one of the largest business services companies in the world operating in Europe, the Americas, Asia Pacific, Middle East and Africa. It employs some 50,000 colleagues providing a range of services including pest control, hygiene, workwear, plants and facilities.

www.rentokil-initial.com

Enquiries:

Investors / Analysts enquiries:

Katharine Rycroft, Head of Investor Relations                             Rentokil Initial plc              01293 858 166

Media enquiries:

Malcolm Padley, Corporate Communications                                Rentokil Initial plc              07788 978 199

Justine McIlroy / Oliver Hughes                                                    Brunswick Group            020 7404 5959

 

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