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Marlowe buys Ductclean for £10m

19 July 2017

Ductclean, the supplier of a range of building services, has been purchased by Marlowe for a total enterprise value of up to £10m.

Scheduled to complete on 31 July, the deal is designed to allow Marlowe to enter new areas, as part of its aims to become a leader provider of maintenance services.

Ductclean currently offers options including ventilation maintenance, ductwork cleaning and management and kitchen extract cleaning.

It additionally offers remediation services, including options for asbestos, with a list of clients ranging from national hotel and leisure providers, airports and NHS trusts to universities, local authorities and FTSE-listed companies.

According to its website, Marlowe is an AIM-listed company formed to create sustainable shareholder value through the acquisition and development of businesses in targeted outsourced service sectors across the UK.

Ductclean (UK) managing director Nigel Jones said: "The acquisition of Ductclean significantly extends the scope of Marlow plc's activities into a new complementary service sector.

"The acquisition was supported by Birketts, which advised on legal matters including tax, property and employment factors."

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