02.04.2024 11:15:31 - dpa-AFX: Rentokil Initial Acquires HiCare In India

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Rentokil Initial plc (RTO, RTO.L)
announced the acquisition of HiCare Services Private Limited, the second largest
pest control company in India. HiCare has 30 branches delivering commercial,
residential and termite pest control services. It has been owned by True North,
a PE Fund, since 2014.

Andy Ransom, CEO of Rentokil Initial plc, said: 'India's increasing urban
population, growing middle classes and largely tropical climate makes it one of
our key targets for future growth. With over 6,000 small pest control companies
in India, the roll-up M&A opportunity remains significant.'



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
RENTOKIL INITIAL LS 0,01 A0EQ3A Frankfurt 5,288 14.06.24 17:15:53 -0,124 -2,29% 0,000 0,000 5,482 5,288

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