Marlowe PLC Acquisition of Eurosafe UK Group Limited (6289B)
03 February 2020 - 6:00PM
UK Regulatory
TIDMMRL
RNS Number : 6289B
Marlowe PLC
03 February 2020
3 February 2020
Marlowe plc
Acquisition of Eurosafe UK Group Limited
Marlowe plc ("Marlowe" or the "Group"), the specialist services
group focused on developing companies which assure safety and
regulatory compliance, announces that it has acquired Eurosafe UK
Group Limited ("Eurosafe") for an enterprise value of GBP2.5
million.
Formed in 1996, Eurosafe provides a range of safety consultancy
services encompassing asbestos consultancy, construction design
management and contractor safety accreditation. Eurosafe is
headquartered in York and operates nationally.
For the year to 31 March 2019, Eurosafe generated revenues of
GBP3.4 million.
Marlowe plc www.marloweplc.com
Alex Dacre, Chief Executive Tel: +44 (0) 203 813
8498
Mark Adams, Group Finance Director IR@marloweplc.com
Cenkos Securities plc (Nominated Adviser and Joint Broker)
Nicholas Wells Tel: +44 (0)20 7397
8900
Ben Jeynes
Harry Hargreaves
Berenberg (Joint Broker)
Ben Wright Tel: +44 (0)20 3207
7800
Mark Whitmore
FTI Consulting
Nick Hasell Tel: +44 (0)20 3727
1340
Alex Le May
About Marlowe plc
Marlowe is a UK leader in specialist services which assure
safety and regulatory compliance, whilst managing risk for
businesses across the country. The company was formed to create
sustainable shareholder value through the acquisition and
development of businesses that provide regulated inspection,
testing and compliance services. It is focused on health &
safety, employment law compliance, fire safety, security, water
treatment & hygiene, air quality and environmental services -
all of which are vital to the wellbeing of its customers operations
and are invariably governed by regulation. Marlowe currently
provides services to over 15% of Britain's commercial premises and
is increasingly attractive to customers who require a single
outsourced, nationwide, provider of a comprehensive range of
regulated compliance and safety services. Our customers can be
found in most office complexes, high streets & leisure
facilities, manufacturing plants and industrial estates, and
include SMEs, local authorities, facilities management providers,
multi-site NHS trusts and FTSE 100 companies.
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END
ACQUARVRRUUAOAR
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