Marlowe to acquire Elogbooks for £14m.

Marlowe, a security systems services company, agreed to acquire Elogbooks, a provider of a software tool which allows users to schedule compliance and maintenance activities and monitor them, for £14m. "The acquisition of Elogbooks is the next step in our strategy to deliver integrated technology and services to enhance the compliance, safety and upkeep of our clients' premises. Alongside Meridian, our existing software platform, the addition of Elogbooks will position us to offer our clients a complete technology-enabled contractor management, compliance and health & safety solution. The acquisition significantly expands the Group's digital capabilities and service offering in providing our clients with visibility and control over their service providers' performance and compliance. We see considerable scope to deploy Elogbooks' system and technology across our existing businesses to further enhance the health, safety and compliance of our customers and look forward to the attractive returns that this acquisition will generate for Marlowe's shareholders," Alex Dacre, Marlowe CEO.