REACT Group plc (REACT), the leading specialist cleaning, decontamination and hygiene company, has announced the acquisition of Fidelis Contract Services (Fidelis), a successful commercial cleaning, hygiene and facility support service business. It has been acquired for an initial consideration of £1.7m financed through the Group’s own resources with a deferred element of up to £3.05m. Maximum consideration is capped at £4.75m and is based on 4.75x EBITDA. This maiden acquisition is an important ....
29 Mar 2021
Fidelis adds scale and enhances 2021 EPS by c.41%
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Fidelis adds scale and enhances 2021 EPS by c.41%
REACT Group Plc (REAT:LON) | 67.5 0 0.0% | Mkt Cap: 14.5m
- Published:
29 Mar 2021 -
Author:
Ian Jermin -
Pages:
8
REACT Group plc (REACT), the leading specialist cleaning, decontamination and hygiene company, has announced the acquisition of Fidelis Contract Services (Fidelis), a successful commercial cleaning, hygiene and facility support service business. It has been acquired for an initial consideration of £1.7m financed through the Group’s own resources with a deferred element of up to £3.05m. Maximum consideration is capped at £4.75m and is based on 4.75x EBITDA. This maiden acquisition is an important ....