StockMarketWire.com - Safety and compliance company investor Marlowe said it had acquired Quantum Compliance for up to £7.2m.

Quantum was a leading provider of health and safety consultancy services to commercial organisations across the UK.

The total enterprise value would comprise an upfront cash consideration of £4.0m and contingent consideration of up to £3.2m on the achievement of certain targets.

Marlowe said the acquisition would be funded from existing cash and debt facilities.

'Following our recent acquisition of William Martin, the addition of Quantum to the group further strengthens Marlowe's leading position in the property-related health, safety and compliance sector and enhances our ability to provide an end-to-end solution for our customers' safety and regulatory compliance needs,' chief executive Alex Dacre said.



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