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
-
Rightmove: UK asking prices drop as market adjusts to higher stamp duty costsSellers are coming to market with lower asking prices to attract buyers amid a glut of supply
-
8 of the best houses for sale with outdoor swimming poolsThe best houses for sale with outdoor swimming pools – from a family house in Wimbledon Village, London, to a 1640s mansion in Derbyshire with a heated swimming pool in the grounds
