Connaught swoops for pest control firm
SUFFOLK-based pest control company Igrox has been acquired for an undisclosed sum by integrated services provider Connaught plc. Igrox, which is based at Great Blakenham, near Ipswich, and operates nationally, with four other sites around the country, will become part of Connaught's compliance division, together with Norwich-based fire safety company UK Fire which has also been acquired by the group in a separate deal.
SUFFOLK-based pest control company Igrox has been acquired for an undisclosed sum by integrated services provider Connaught plc.
Igrox, which is based at Great Blakenham, near Ipswich, and operates nationally, with four other sites around the country, will become part of Connaught's compliance division, together with Norwich-based fire safety company UK Fire which has also been acquired by the group in a separate deal.
Igrox provides pest control and prevention solutions, including rodent, insect and bird control as well as fumigation services to more than 4,500 private and public sector customers, primarily businesses having to comply with stringent food hygiene regulations.
Connaught said the addition of Igrox to its existing pest business would “create a significant nationwide pest control capability, further enhancing the group's portfolio of integrated compliance services”.
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Mark Davies, chief executive of Connaught, said: “The acquisitions of UK Fire and Igrox are in line with Connaught's stated strategy of establishing a national capability in all of its key services in order to deliver an integrated compliance solution.
“The market for outsourced compliance services in the UK is very large and fragmented and the acquisition of these businesses further increases the breadth of compliance services we can offer, making our multi-service capability ever more compelling for customers.
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“The increasing burden of red tape and the current economic climate is encouraging more and more businesses to look at outsourced solutions as being the most efficient option and to consolidate their compliance needs with a single, multi-service provider. As a fully integrated provider we are now in a very good position to capitalise on this trend.”
A spokesman for Connaught said yesterday that, due to the company being in the offer period in respect of another potential acquisition, the takeover code meant that it could not comment on the implications for jobs within the Igrox business.
Connaught, a FTSE 250-listed company with a turnover of more than �550 million, claims to be the UK's leading integrated services provider, operating in the social housing, public sector and compliance markets.
Its services include planned and response maintenance, estate cleaning and grounds maintenance, gas, electrical, water and fire safety, and health and safety consultancy and training.
Igrox, originally formed in 1976, has itself expanded through acquisition in recent years, including deals for the Dyno-Kil business in 2002 and Premier Pest Control in 2008.