Marlowe: fudging the numbers?
Yet another acquisition from the acquisition machine, but surely any numpty could deliver earnings accretive deals based on these fairy tale numbers!
AIM quoted Marlowe (AIM:MRL) has made yet another acquisition, to add to the 15 or so other acquisitions it has made over the past 12 months. The latest is Optima Health Group, a provider of technology-enabled Occupational Health services in the UK, for £135m. Apparently, this is consistent with the Group's strategy to become the leader in the Occupational Health sector, a core compliance market for Marlowe within its Governance, Risk & Compliance ("GRC") division. On its admission to AIM, Marlowe’s stated aim was to “build a dynamic business-to-business service group focused on critical asset maintenance services”. Twelve months ago…