3rd Aug 2020 07:01
Marlowe PLC - London-based safety & compliance services firm - Says it has acquired water treatment & hygiene services provider Rainbow Water Services Ltd for GBP450,000 and occupational health services provider Caritas Group for GBP130,000. For financial year ended August 31, 2019, Kent-based Rainbow Water generated revenues of GBP1.0 million and earnings before interest, tax, depreciation, and amortization of GBP100,000. Lincolnshire-based Caritas generated GBP400,000 in revenue and Ebitda of GBP100,000 for its financial year to March 2020. Acquisitions will be funded from is existing cash resources.
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By Ife Taiwo; [email protected]
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