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Marlowe Plc acquires Titan Fire & Security Ltd

By BFN News | 07:18 AM | Friday 04 November, 2016

Marlowe has acquired Titan Fire and Security Ltd, a provider of fire protection services based in Uxbridge, for up to £750,000. Titan said the up to £750,000 purchase price comprised an initial cash consideration of £450,000 and two contingent earn-out payments of up to £150,000 after six and 12 months, subject to Titan meeting certain performance targets. Under the transaction, Marlowe is acquiring approximately £1.4m of Titan's recurring customer revenues. Story provided by

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