Newspaper article Manchester Evening News

Pounds 13m Paid for Salford Based Fire Safety Firm

Newspaper article Manchester Evening News

Pounds 13m Paid for Salford Based Fire Safety Firm

Article excerpt

SWIFT Fire & Security is joining forces with AIM listed Marlowe in order to embark on an ambitious buy and build strategy.

Marlowe has agreed to pay Pounds 13m to acquire the Salford Quays- based fire protection and security systems provider Swift.

The plan is aimed at creating a major new business services provider for the UK, focused on critical asset maintenance services and Swift's strong presence in this sector is the first element of the strategy.

Swift's managing director, Nigel Jackson will join the board of Marlowe as an executive director and will remain as managing director of Swift.

Mr Jackson said: "Following many years of growing the Swift business through our own resources, I am absolutely thrilled that we now have access to significant funding and in house acquisition experience to be able to move rapidly and accelerate our growth exponentially. …

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