Announced
Financials
Tags
United Kingdom
ISO certification
auditing services
Management Consulting
Acquisition
Domestic
Private
Majority
Pending
Friendly
Single Bidder
Synopsis
Marlowe, a software company, agreed to acquire IMSM Holdings, an ISO certification and quality management provider, for £17.4m. "The acquisition of IMSM broadens the capabilities of our Governance Risk and Compliance division into the attractive and highly complementary ISO auditing and certification market. This is a large and fragmented market, and the addition of IMSM will enable us to address a core component of our clients' compliance requirements. This acquisition is consistent with our strategy to selectively execute on bolt-on acquisitions whilst maintaining leverage in the region of 2x EBITDA, within the Board's guided range." Alex Dacre, Marlowe Chief Executive.
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