ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

MRL Marlowe Plc

543.00
3.00 (0.56%)
Last Updated: 08:03:32
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Marlowe Plc LSE:MRL London Ordinary Share GB00BD8SLV43 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 0.56% 543.00 536.00 550.00 543.00 535.00 541.00 3,886 08:03:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Investors, Nec 465.7M -3.8M -0.0393 -138.17 525.49M

Marlowe PLC Acquisition of BTE Systems Limited (0723P)

29/08/2017 7:01am

UK Regulatory


Marlowe (LSE:MRL)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Marlowe Charts.

TIDMMRL

RNS Number : 0723P

Marlowe PLC

29 August 2017

29 August 2017

Marlowe plc

Acquisition of BTE Systems 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 BTE Systems Limited ("BTE Systems") for a total enterprise value of up to GBP1.2 million on a debt-free, cash-free basis.

BTE Systems was founded in 2001 and provides a portfolio of fire protection services, including the installation, service and maintenance of fire detection and fire suppression systems. Headquartered in Chertsey, Surrey, BTE Systems operates throughout Greater London.

For the 12 months ended 31 March 2017, BTE Systems reported unaudited revenues of GBP1.9 million and profit before tax of GBP0.5 million. Unaudited net assets at 31 March 2017 were GBP0.6 million. The total enterprise value comprises an upfront cash consideration of GBP1.0 million and a cash earn-out capped at GBP0.2 million.

Alex Dacre, Chief Executive of Marlowe plc, commented:

"The addition of BTE Systems strengthens our leading position in fire protection in the London region and brings some attractive new customer relationships to the Group that will further broaden our base of recurring revenues."

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

END

ACQDELFLDVFXBBK

(END) Dow Jones Newswires

August 29, 2017 02:01 ET (06:01 GMT)

1 Year Marlowe Chart

1 Year Marlowe Chart

1 Month Marlowe Chart

1 Month Marlowe Chart

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com