On Friday the 9th of September Marlowe plc completed the acquisition of H2O Chemicals Limited which will now partner Swift Fire & Security, WCS Environmental Ltd and Fire Alarm Fabrication Services Ltd as members of the Marlowe plc family.
H2O Chemicals Limited was founded in 1992 and is headquartered in Leeds; H2O is a provider of water treatment and hygiene services, employing 84 staff from 3 offices across the UK. The company is a national business with a strong presence in the Midlands and Yorkshire. H2O has a base of more than 600 customers in a range of sectors including industrial, leisure, food production, higher education and healthcare. H20 provides a complementary portfolio of services to WCS including: chemical flushing, tank cleaning, water hygiene services, chemicals and service for cooling towers and steam plant, cleaning and chlorination and servicing of reverse osmosis and water softening, and legionella monitoring.
This acquisition by Marlowe plc will benefit Swift Fire & Security and WCS Environmental Ltd by:
- Doubling the size of the Group’s current Water Treatment division
- Bringing a large new base of customers to which we can cross-sell other Group services
- Create an enhanced platform for further buy-and-build growth in the fire and water sectors
Alex Dacre, Chief Executive of Marlowe plc, commented: “The acquisition of H2O will significantly expand Marlowe’s water treatment activities and marks the next step towards fulfilling our strategic objective of providing national coverage in each of our sectors. H2O is a good fit with WCS and has some excellent customer relationships that will further enhance our platform for growth. The share placing and subscription announced today will provide us with resources to continue to add scale to Marlowe across our Water Treatment and Fire divisions as we implement our strategy of building a leading UK support services group in complementary areas of critical asset maintenance.”
The Acquisition of H2O Chemical Limited represents a critical step as we look to grow to become the UKs leading critical asset maintenance service provider.
For further information please visit www.marloweplc.com