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Tue, 27th Mar 2018 13:24
The AIM-listed business management consultant said it will fund the purchase from existing cash resources, and also said "key" members of Flamefast's operational management team will be staying with the business.
Marlowe said Flamefast will form part of its Fire Protection & Security Systems division and will offer complementary services to its Air Hygiene business.
For the year to the end of November, Flamefast generated revenue of
Shares in Marlowe were trading 2.3% higher at
(Sharecast News) - Specialist services group Marlowe has acquired Morgan Fire Protection for a net consideration of £5.0m, it announced on Friday.
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Read more(Sharecast News) - Specialist services group Marlowe acquired two new business on Friday for a combined consideration of £580,000.
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Read more(Sharecast News) - Safety and regulatory compliance specialist Marlowe has conditionally agreed to acquire Elogbooks Facilities Management and Elogbooks Facilities Services for initial consideration of £7.35m, it announced on Friday, on a cash-free, debt-free basis.
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Read more(Sharecast News) - Specialist services group Marlowe has acquired subscription-based HR and employment law compliance firm Deminos Consulting.
Read moreCORRECT: Macfarlane Predicts Drop In Second Quarter Demand
Read more(Sharecast News) - Diploma: JP Morgan downgrades to neutral with a target price of 1,850p.
Read moreUK TRADING UPDATE SUMMARY: Macfarlane Predicts 80% Drop In Demand
Read more(Sharecast News) - Specialist services group Marlowe reported strong progress in the year to March 31 but warned that Covid-19 had resulted in "some impact" on its operations.
Read more(Sharecast News) - Taylor Wimpey: JP Morgan downgrades to neutral with a target price of 110p.
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