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Marlowe Acquires UK Ventilation Maintenance Specialist Ductclean
Monday 17 July 2017

17 July 2017 - UK-based support services group Marlowe plc (LSE: MRL) has agreed to acquire UK-based ventilation maintenance specialist Ductclean Ltd. for a total enterprise value of up to GBP 10m (USD 13.09m), the company said.

DCUK is in ventilation maintenance, ductwork cleaning and management, kitchen extract cleaning and contamination remediation services, including asbestos remediation.

Established in 1998 and operating nationally from headquarters in Welwyn Garden City, Hertfordshire, the business employs around 185 people.

DCUK's key customers include national hotel and leisure providers, airports, NHS trusts, universities, local authorities, and FTSE companies.

The acquisition of DCUK represents Marlowe's first step into the air hygiene market, where it will form the basis of a new division to sit alongside the group's existing activities in fire and security and water treatment.

Marlowe 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.
Details
Date Published: 17/07/2017
Target: Ductclean Ltd
Country: USA
Sector: Machinery/Engineering
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Marlowe plc
Comment:
Terms of the deal were not disclosed

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