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Marlowe PLC - London-based software and services for safety and regulatory compliance - Buys TP Health (Holdings) Ltd for enterprise value of £14.9 million. Marlowe will make an upfront cash payment of £13.3 million from its existing cash resources, followed by an estimated £1.6 million in performance-related contingent consideration. Northampton, England-based TP Health provides occupational health services in the UK and will join Marlowe's Governance, Risk & Compliance division. TP Health recorded pretax profit of £1.0 million on £14.6 million in revenue in 2020. It was established in 2006 and employs about 240 people, including 130 clinical professionals.
Current stock price: 931.66 pence, up 1.4% on Tuesday
12-month change: up 17%
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