14 August 2017
Marlowe plc
Acquisition of The Philton Group Limited
Marlowe plc ("Marlowe" or the "Company"), the support services group focused on acquiring and developing companies that provide critical asset maintenance services, announces that it has acquired The Philton Group ("Philton"), a provider of fire protection services based in Watford, Hertfordshire.
Philton provides a portfolio of fire protection services, including the installation, service and maintenance of fire detection and fire suppression systems.
Philton is being purchased for a total enterprise value of £0.2 million. For the 12 months ended 30 April 2016, Philton generated revenues of £1.2 million and profit before tax of £0.1 million.
For further information:
Marlowe plc |
www.marloweplc.com |
Alex Dacre, Chief Executive |
Tel: +44 (0) 203 813 8498 |
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[email protected] |
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Cenkos Securities plc (Nominated Adviser and Broker) |
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Nicholas Wells |
Tel: +44 (0)20 7397 8900 |
Elizabeth Bowman |
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FTI Consulting |
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Nick Hasell |
Tel: +44 (0)20 3727 1340 |
Alex Le May |
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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.
