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DeltaNet International Limited Joins Marlowe plc

DeltaNet International Limited Joins Marlowe plc

Marlowe plc has acquired compliance and health and safety eLearning specialists, DeltaNet International Limited in a deal worth up to £4.5m. 

Established in 1998, DeltaNet International is headquartered in Loughborough. It currently employs 36 staff and provides off-the-shelf compliance and health and safety e-learning to organisations in the UK and internationally, as well as bespoke and tailored options.  

For the year ended December 31 2019, DeltaNet posted EBITDA of £500,000 on revenues of £2.4m. 

The initial consideration for the deal will be £3m, rising to £4.5m in targets are met. 

Alex Dacre, chief executive of Marlowe, said:

“The acquisition of DeltaNet broadens the Group’s expertise in health and safety and compliance and provides Marlowe with new opportunities for growth in the highly complementary eLearning market. 

“DeltaNet will broaden the Group’s service capabilities to existing customers and will offer significant synergies, particularly with Ellis Whittam and Law At Work. 

“Deltanet brings more than 600 new customers, including international blue-chip companies, who will be able to benefit from Marlowe’s business critical service and software. We are confident that this acquisition will generate attractive returns for Marlowe’s shareholders.” 

Darren Hockley, managing director of DeltaNet International, expects the acquisition to support the company's continued investment in creativity and new product development, and to bolster the company’s reputation as an industry leader in its own right. He said:   

“This acquisition is very important for our continued growth and we’re pleased to align ourselves with a well-established presence like Marlowe. Businesses are increasingly looking to work with companies that deliver a broader, more comprehensive service and collectively we can now fulfil more of their needs.“ 

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