Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).

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For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.

WHAT INFORMATION DO WE COLLECT ABOUT YOU?

We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.

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In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.

HOW WE USE INFORMATION

We store and use information you provide as follows:

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We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.

ACCESS TO YOUR INFORMATION AND CORRECTION

We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

WHERE WE STORE YOUR PERSONAL DATA

The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.

CHANGES TO OUR PRIVACY POLICY

Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

OTHER WEBSITES

Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

CONTACT

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Rentokil Initial PLC (RTO)

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Monday 13 November, 2017

Rentokil Initial PLC

Purchase of Vector Disease Acquisition LLC

RNS Number : 2414W
Rentokil Initial PLC
13 November 2017
 

13 November 2017

 

ACQUISITION OF LEADING VECTOR CONTROL COMPANY IN NORTH AMERICA

Up-weighted M&A spend guidance for H2 2017 to £100m+

Rentokil Initial plc (FTSE: RTO, "the Company") today announces that is has acquired Vector Disease Acquisition, LLC ("VDA"), North America's largest provider of mosquito control services. 

For many vector-borne diseases such as Zika Virus, West Nile Virus, Yellow Fever, Malaria and Dengue Fever, vector control services are the most effective way to protect public health. 

 

VDA provides a full range of vector control services, including weekly monitoring of mosquito levels, species identification and disease testing (using its in-house laboratory) and control of both adult and larval mosquitoes from the ground and using aircraft.  In line with this acquisition, the Company is establishing a new global centre of excellence for mosquito control, which will be based in North America.

 

VDA also provides lake management services, a new route-based service line for Rentokil North America. Invasive aquatic plants destroy fish and wildlife, and clog pipes used for drinking water, hydroelectric and irrigation supplies. Services include chemical treatments, mechanical vegetation removal, aeration and fountain management. The Lake Management division, which is predominately a contract portfolio business, is also the largest of its type in North America.  

 

Headquartered in Little Rock, Arkansas, VDA operates from 52 offices in 32 U.S. states.  Annualised revenues for the 12 months prior to acquisition were c. $47m (£36m). 

Commenting on the acquisition, Andy Ransom, CEO of Rentokil Initial, said:

"The growing threat to public health from mosquitoes makes vector control an important and growing part of the overall pest control market.  Factors such as climate change and increased travel are leading to more vector-borne disease outbreaks than ever before.

"We are now positioned strongly in two attractive markets that are characterised by good growth, high technical skill level and strong regulatory requirements, attributes that play well to Rentokil Initial's traditional strengths and expertise.  This is another important step towards our ambition to create a business in North America with revenues of c. $1.5bn and margins of c. 18% by the end of 2020. 

"Given the increasing demand for mosquito control in many parts of the world and the unrivalled expertise in VDA, this is also a significant acquisition for our global pest control business.

"Our M&A pipeline remains very strong and therefore we now expect spend to be £100m+ in H2 2017."

For further information please contact:

Rentokil Initial plc

Investors

Katharine Rycroft

07811 270 734

Media

Malcolm Padley

07788 978 199

 

Notes to editors:

Rentokil Initial

·      Rentokil Initial plc is one of the largest business services companies in the world, operating in 70 countries and employing 35,500 colleagues.  The Company offers route-based services, primarily in Pest Control and Hygiene, through teams of local experts. Rentokil is the world's largest commercial pest control company.

 

·      For more information, visit www.rentokil-initial.com.  

Vector Disease Acquisition, LLC ("VDA")

Mosquito Control Services

·     The main mosquito control operations operate under a legal entity called Vector Disease Control International, LLC. 

·      Demand for mosquito control is driven by public health needs or a combination of public health and nuisance management and is highly technically focused. VDA provides a full range of mosquito control services. 90% of revenues are contracted.

 

·      VDA serves primarily governmental customers (cities, counties and mosquito abatement districts plus the Federal Centers for Disease Control (CDC)) but there are also some industrial customers.

 

·      The US vector control market for municipalities and government is estimated at $400m p.a.

 

·      The business has a high-experienced management team and employees 80 FTE and ~300 seasonal employees. VDA's aerial division has 14 aircraft operating out of 4 airports.

 

Lake Management Services

·      The main lake management operations operate under a legal entity called Solitude Lake Management, LLC. 

 

·      Lake Management provides services primarily on the east coast of the USA. Customers are municipal, state and federal governments, homeowner associations, lake associations, golf courses and corporate entities.

 

·      Revenues are predominately contracted with services including aeration and fountain management, controlling invasive aquatic vegetation and algae in lakes and ponds.

 

ENDS

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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