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Acquisition

20th Dec 2013 07:00

RNS Number : 0706W
Rentokil Initial PLC
20 December 2013
 



 

 

 

 

20 December 2013

Acquisition

 

Rentokil Initial plc (FTSE: RTO) has today agreed to acquire the pest control division of Green Compliance Plc (the Business) for a total consideration of £4.0m in cash: £3.25m in initial consideration, with a further £0.75m payable over 12 months in line with normal contractual protections and the achievement of certain operational targets. The Business had audited revenues of £5.0m for the year ended 31 March 2013. The transaction is anticipated to complete on 31 December 2013.

 

Ends

 

 

About Rentokil Initial plc

 

Rentokil Initial is one of the largest business services companies in the world operating in Europe, the Americas, Asia Pacific, Middle East and Africa. It employs some 50,000 colleagues providing a range of services including pest control, hygiene, workwear, plants and facilities.

 

www.rentokil-initial.com

 

 

 

Enquiries:

 

Investors / Analysts enquiries:

Katharine Rycroft, Head of Investor Relations Rentokil Initial plc 01293 858 166

 

Media enquiries:

Malcolm Padley, Corporate Communications Rentokil Initial plc 07788 978 199

Justine McIlroy / Oliver Hughes Brunswick Group 020 7404 5959

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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