M&A Deal Summary

Weldex Acquires Rentokil Initial - Crawler Cranes Business

On August 30, 2000, Weldex acquired retailer Rentokil Initial - Crawler Cranes Business from Rentokil Initial for 5M GBP

Acquisition Highlights
  • This is Weldex’s 1st transaction in the Retail sector.
  • This is Weldex’s 0th largest (disclosed) transaction.
  • This is Weldex’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2000-08-30
Target Rentokil Initial - Crawler Cranes Business
Sector Retail
Buyer(s) Weldex
Sellers(s) Rentokil Initial
Deal Type Divestiture
Deal Value 5M GBP

Target

Rentokil Initial - Crawler Cranes Business

United Kingdom
Rentokil Initial - Crawler Cranes Business is a provider of crawler crane hire and rental services to public and private sectors in the United Kingdom and internationally.

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Buyer(S) 1

Buyer

Weldex

Inverness, United Kingdom
Category Company
Founded 1979
Sector Business Services
Employees102
DESCRIPTION

Weldex is a crawler crane hire company having a large fleet of crawler cranes including the two largest crawler cranes in the UK, 1,350-tonne capacity Liebherr LR11350’s. Their cranes have been used in a number of the UK’s largest construction contracts including Heathrow Terminal 5 and the iconic arch on the new Wembley Stadium. The company is well placed to benefit from the rapid growth in offshore wind farm developments and UK power station construction and decommissioning. Weldex was founded in 1979 and is based in Inverness, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2000) 1 of 1

Seller(S) 1

SELLER

Rentokil Initial

Crawley, United Kingdom
Category Company
Founded 1903
Sector Business Services
Employees62,931
Revenue 5.4B GBP (2023)
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 Crawley, the United Kingdom.

DEAL STATS #
Overall 2 of 7
Sector (Retail) 1 of 1
Type (Divestiture) 2 of 7
Country (United Kingdom) 2 of 5
Year (2000) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-08-30 Rentokil Initial - Initial Rouch Intermodal Business

United Kingdom

Rentokil Initial - Initial Rouch Intermodal Business is a distributor of travel-related products.

Sell £3M
FOLLOWING 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
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