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Acquisition marks African company's entry into UK FM sector

05 June 2017

Security and cleaning business Excellerate has announced the acquisition of a majority stake in the Templewood group of companies for an undisclosed sum.

It is the Africa-based company's first link to the UK market and "marks its intention to develop a major presence through organic growth and by acquisition", the announcement stated.

Templewood founder and chairman Harvey Soning has retained "a significant stake" in the business and will remain in his role.

Excellerate operates throughout 14 countries in Africa and the Middle East and employs approximately 20,000 staff.

The company provides a variety of services ranging from security and cleaning to hygiene and pest control and precinct management.

It has a diverse customer base that includes multinational corporations, public sector organisations, developers, institutions and private investors.

Mr Soning founded Templewood in 2000 and has developed the business into a supplier of cleaning and security services to a range of blue chip organisations.

The company also provides emergency response officer accredited training for incidents such as terrorist attacks.

It will continue to operate under the Templewood brand, while benefiting from the Excellerate technology platform and IP for integrated services to deliver more efficient client reporting and other extended services.

Excellerate chief executive officer Gordon Hulley said the UK remains an attractive market for his company "despite Brexit".

Further stating that the two companies shared a "language and passion" for delivering high quality services, he continued:

"However, we recognise the significant value of entering a market with a partner that is already well-known and highly regarded in that region," said Mr Hulley.

Mr Soning said the new arrangement would see his company's "exceptional reputation for quality" combine with "Excellerate's scale, experience and world-class technology and highly efficient processes".

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