Acquisition

RNS Number : 6327U

Marlowe PLC

26 October 2017

 

26 October 2017

Marlowe plc

Acquisition of dB Audio and Electronic Services Limited

Marlowe plc, the support services group focused on acquiring and developing companies that provide critical asset maintenance services, announces that it has acquired dB Audio and Electronic Services ("dB"), a provider of fire protection services based in Tonbridge, Kent.

dB was founded in 1988 and provides a portfolio of fire protection services, including the installation, service and maintenance of fire detection systems.

dB is being purchased for a total enterprise value of £0.2 million. For the 12 months ended 31 July 2017, dB generated revenues of £0.8 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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