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Pin to quick picksRentokil Initial Regulatory News (RTO)

Share Price Information for Rentokil Initial (RTO)

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453.60    3.80 (0.84%)
Bid:
452.90
Ask:
453.20
Spread: 0.30 (0.066%)
Market Cap: £11.41b
RTO Live PriceLast checked at - London Stock Exchange

Intraday Rentokil Initial Share Chart

Acquisition

14 Feb 2011 16:06

RNS Number : 2128B
Rentokil Initial PLC
14 February 2011
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14 February 2011

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Rentokil Initial acquires Santia's Services division

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Rentokil Initial plc (FTSE: RTO) today announces the acquisition of the Services Division of Santia Group, previously known as Connaught Compliance Ltd, for a cash consideration of ยฃ5.6 million with up to an additional ยฃ3 million depending on various post closing adjustments. The acquisition is effective immediately and is expected to generate annualised revenues of ยฃ24 million.

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Santia's Services Division consists of 3 business units - Fumigation & Pest Control; Water Treatment & Hygiene; Fire Safety & Prevention. Pest control will be merged with Rentokil's UK Pest business. Water will be merged with Rentokil's existing UK Water Hygiene business within the Initial Facilities Services (IFS) division. Fire will form a separate business unit within the IFS division.

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Our immediate priorities will be to deliver excellent service to our new customers and to engage with the 430 colleagues who will join us as a result of this acquisition.

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- Ends -

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About Rentokil Initial

Rentokil Initial is one of the largest business services companies in the world, operating in all the major economies of Europe, North America, Asia Pacific and Africa. The company has some 68,000 employees providing a range of support services in over 50 countries. Services include textiles and washroom services, pest control, tropical plants, parcels delivery and facilities services.

http://www.rentokil-initial.com

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For further information

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Media enquiries:

Malcolm Padley, Corporate Communications

Rentokil Initial plc

+44 (0) 7788 978 199

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Wendel Verbeek / Oliver Hughes

Brunswick Group

+44 (0) 20 7404 5959

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Shareholder/analyst enquiries:

Katharine Rycroft, Investor Relations, Rentokil Initial plc, +44 (0) 7811 270734

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This information is provided by RNS
The company news service from the London Stock Exchange
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