30th Nov 2020 17:19
Marlowe PLC - London-based safety & compliance services firm - Acquires occupational health services firm Wrightway Health for GBP3.5 million initial. Says it expects total enterprise value of around GBP4.5 million, adding this includes a twelve-month contingent cash earn-out of around GBP1.0 million. For its financial year ended April 30, Wrightway posted adjusted earnings before interest, tax, depreciation, and amortization of GBP700,000 on revenue of GBP2.7 million. Net assets at April-end were GBP600,000.
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By Ife Taiwo; [email protected]
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