MRL Marlowe Plc

TIDMMRL

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 GBP0.2 million. For the 12 months ended 31 July 2017, dB generated revenues of GBP0.8 million and profit before tax of GBP0.1 million.

For further information:

 
 Marlowe plc                        www.marloweplc.com 
 Alex Dacre, Chief Executive        Tel: +44 (0) 203 
                                     813 8498 
                                    IR@marloweplc.com 
 
 Cenkos Securities plc (Nominated 
  Adviser and Broker) 
 Nicholas Wells                     Tel: +44 (0)20 7397 
                                     8900 
 Elizabeth Bowman 
 
 FTI Consulting 
 Nick Hasell                        Tel: +44 (0)20 3727 
                                     1340 
 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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