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Announced

Marlowe to acquire Clearwater Group for £11m.

Financials

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Transaction Value£11m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Electronic Equipment: Control and Filter

filtration equipment

Private

Acquisition

Single Bidder

Friendly

Majority

Pending

Synopsis

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Marlowe, a provider of specialist services, agreed to acquire Clearwater Group, a provider of services mainly related to water treatment, for £11m ($14m). "The acquisition of Clearwater brings significant additional scale and expertise to the Group and further accelerates our strategy of broadening our capabilities in water treatment and hygiene. We are confident that this acquisition will generate attractive returns for Marlowe's shareholders," Alex Dacre, Marlowe Chief Executive.

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