Proposed acquisition of building services division (4150S)
21 November 2011 - 6:00PM
UK Regulatory
TIDMRTO TIDMMSS
RNS Number : 4150S
Rentokil Initial PLC
18 November 2011
18 November 2011
Rentokil Initial proposed acquisition adds building services
capability
Rentokil Initial plc (FTSE: RTO) today announces it has
exchanged contracts with Managed Support Services plc ("MSS" or the
"Company") for the acquisition of its building services division,
MSS Facilities Management (the "Division") for a cash consideration
of up to GBP6.5m (subject to a net asset adjustment at completion).
The proposed sale is conditional upon the approval by the Company's
shareholders in general meeting.
The Division, which has 200 employees, has an approximate annual
turnover of GBP22 million and operates from two principal trading
sites in Manchester and London.
The acquisition provides excellent synergies with Rentokil
Initial's existing mechanical and electrical engineering building
services business, which operates within the Initial Facilities
division.
- Ends -
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 66,000 employees providing a range of support services in 60
countries. Services include textiles and hygiene services, pest
control, tropical plants, parcels delivery and facilities
services.
The Mechanical and Electrical engineering (M&E) sector
provides in-building heating, ventilation and air conditioning,
planned preventative maintenance, energy maintenance and energy
management services.
http://www.rentokil-initial.com
For further information
Media enquiries:
Malcolm Padley, Corporate Communications
Rentokil Initial plc
+44 (0) 7788 978 199
Kate Miller/ Oliver Hughes
Brunswick Group
+44 (0) 20 7404 5959
Shareholder/analyst enquiries:
Katharine Rycroft, Investor Relations,
Rentokil Initial plc,
+44 (0)1293 858 166
This information is provided by RNS
The company news service from the London Stock Exchange
END
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