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14 Feb 2011 16:06
14 February 2011
Rentokil Initial acquires Santia's Services division
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 £5.6 million with up to an additional £3 million depending on various post closing adjustments. The acquisition is effective immediately and is expected to generate annualised revenues of £24 million.
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.
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.
- Ends -
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
For further information
Media enquiries:
Malcolm Padley, Corporate Communications
Rentokil Initial plc
+44 (0) 7788 978 199
Wendel Verbeek / Oliver Hughes
Brunswick Group
+44 (0) 20 7404 5959
Shareholder/analyst enquiries:
Katharine Rycroft, Investor Relations, Rentokil Initial plc, +44 (0) 7811 270734
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