Rentokil Initial, the business services company, is to pay £6.5m for the building services division of rival firm Managed Support Services.
The division has 200 employees and turnover of around £22m annually.
Rentokil says the acquisition provides synergies with its own electrical engineering building services business.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The kind of services being provided include heating, ventilation and air conditioning as well as maintenance and energy management.
BS
-
Going part-time could leave a £58,000 hole in your pension: how to plug the gapThere are many reasons for switching to part-time work, but some savers don’t consider the impact on their pension until it is too late
-
Three bargain investment trusts to add to your portfolioThese three investment trusts are bargains compared to their net asset value (NAV), but one fund analyst thinks the deep discounts are unwarranted.
