Marlowe to acquire IMSM Holdings for £17.4m.

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.