Shield Service Group Plc
LSE : SSGP

November 23, 2009 10:22 ET

Acquisition

                                     SHIELD SERVICE GROUP PLC
                                                 
                     Acquisition to strengthen client base in the London area.

Shield Service Group Plc ("Shield"), a company whose core business  is  office  cleaning, announces 
the completion of the acquisition  of  the  business  of Aureate Cleaners Limited and 
Insatiable Cleaners Limited, two cleaning companies operating  mainly in London.

The  acquisition was completed for a consideration of GBP 158,000 made up of principally goodwill,
but  also some equipment and cleaning stocks. The business comprises a number of contracts  mainly
in the west London area. The funding of this acquisition was by way of existing cash reserves.


Robin Pritchard, Chairman, commented:

"We  are  pleased  to have completed this acquisition which will help strengthen our  position  in
London."


23 November 2009

Enquiries:

Shield Service Group Plc:                                            01737 812930
Kenneth Macpherson, Non-Executive Director

PLUS Advisor:                                                       020 7251 3762
Alfred Henry Corporate Finance Ltd
Jon Isaacs/Nick Michaels

The Directors accept responsibility for this announcement.


About Shield:

Shield  Service Group is a public limited company whose core business is office cleaning but  also
offers  grounds maintenance, specialist computer cleaning, window cleaning, washroom services  and
janitorial supplies. Shield offers its services throughout London, the areas which surround London
and  the south east of England.  Shield currently operates approximately 500 commercial contracts.
Most  of  its clients subscribe to revolving contracts which often continue for several years  and
underpin the ongoing business.

Shield is a PLUS Markets quoted company.

Contact Information

  • Shield Service Group Plc