Rentokil Initial acquires Santia´s services division
14 Feb 2011
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.
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