M&A Deal Summary

Raytheon Technologies Acquires Rentokil Initial - Initial Electronic Security Group

On March 30, 2007, Raytheon Technologies acquired technology hardware company Rentokil Initial - Initial Electronic Security Group from Rentokil Initial for 595M GBP

Acquisition Highlights
  • This is Raytheon Technologies’ 1st transaction in the Technology Hardware sector.
  • This is Raytheon Technologies’ 6th largest (disclosed) transaction.
  • This is Raytheon Technologies’ 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2007-03-30
Target Rentokil Initial - Initial Electronic Security Group
Sector Technology Hardware
Buyer(s) Raytheon Technologies
Sellers(s) Rentokil Initial
Deal Type Divestiture
Deal Value 595M GBP

Target

Rentokil Initial - Initial Electronic Security Group

United Kingdom
Rentokil Initial - Initial Electronic Security Group sells integrated security systems, intrusion detection, CCTV, access control, and security software. Business has operations in the U.K., Netherlands, France, and the U.S. and employs 3,400 people in more than 100 branch locations.

Search 193,448 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Raytheon Technologies

Waltham, Connecticut, United States

website


Category Company
Sector Diversified
Employees181,000
Revenue 56.6B USD (2020)
DESCRIPTION

Raytheon Technologies is a diversified producer of high technology products and services to the building systems and aerospace industries worldwide. The Company's business segments include Pratt & Whitney, UTC Aerospace Systems, and Raytheon which serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets. Raytheon provides state-of-the-art electronics, mission systems integration, C5I products and services, sensing, effects and mission support for customers in more than 80 countries.


DEAL STATS #
Overall 13 of 21
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 2 of 3
Country (United Kingdom) 2 of 2
Year (2007) 2 of 2
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-12 Precision Engine Controls

San Diego, California, United States

Precision Engine Controls Corp. is a designer and manufacturer of industrial and marine engine controls and services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-12 GE Security

Bradenton, Florida, United States

GE Security helps secure and protect commercial, residential, industrial, and government properties.

Buy $1.8B

Seller(S) 1

SELLER

Rentokil Initial

Camberley, United Kingdom

website


Category Company
Founded 1903
Sector Business Services
Employees44,500
Revenue 3.7B GBP (2022)
DESCRIPTION

Rentokil Initial is a provider of offers facilities management and related services, including catering, cleaning, security, buildings mechanical and electrical engineering, and statutory compliance to commercial and government sector organizations; pest control services. Rentokil Initial was founded in 1903 and is based in Camberley, the United Kingdom.


DEAL STATS #
Overall 3 of 7
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 3 of 7
Country (United Kingdom) 3 of 5
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-30 Target Express Holdings

Newton-le-Willows, United Kingdom

Target Express provides a full range of premium parcel delivery services for customers throughout the UK, with its main focus on overnight timed deliveries.

Buy £210M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-17 Lancaster Office Cleaning

Keston, United Kingdom

Lancaster Office Cleaning Co. Ltd. is a provider of high quality cleaning and support services to the Greater London area, with a particular focus on the City, where it counts numerous blue chip companies among its client base. The company has an experienced management team and has grown revenue strongly.

Buy £19M