Announced
Synopsis
Marlowe plc, the support services group focused on acquiring and developing companies that provide regulated inspection, testing and compliance services for commercial properties, announces that it has acquired William Martin Compliance Solutions Limited and Ivor Roy Limited (together "William Martin") for an implied total enterprise value of £30.0 million. Formed in 2004, William Martin is a leading technology-enabled UK provider of property-related health and safety audit and consultancy services. It provides recurring consultancy alongside a leading software-as-a-service compliance platform to a wide range of commercial customers across the UK to ensure regulatory compliance in areas such as health & safety, fire safety, water safety, asbestos management and contractor management. Alex Dacre, Chief Executive of Marlowe Plc, said: "The acquisition of William Martin significantly accelerates our strategy of providing our customers with a comprehensive one-stop approach to their health & safety and regulatory compliance needs. William Martin is a market leader which shares a similar channel to market with our existing businesses and benefits from strong relationships with customers who place a high value on the consultancy and software services. We are confident that this acquisition will generate attractive returns for Marlowe's shareholders."
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