Marlowe to acquire VinciWork and Hydro-X Group for $114m.

Marlowe, an investment firm, agreed to acquire VinciWork, a provider of online compliance training and risk management software, and Hydro-X Group, a provider of water treatment and air hygiene services, for $114m. "Together, the acquisitions of VinciWorks and Hydro-X form a major step in delivering on the strategy announced at our Capital Markets Day, deepening our market share in attractive regulated TIC markets and significantly developing our digital proposition. VinciWorks advances our goal of becoming the market leader in governance, risk and compliance software and cements our position as the UK's leading GRC compliance eLearning business, whilst Hydro-X majorly contributes to our safety and compliance services in our TIC division, offering significant synergies with WCS Group. Whether via software or services, Marlowe is committed to becoming the one-stop shop for customers' safety and regulatory compliance needs," Alex Dacre, Marlowe CEO.