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Zeta Compliance buys Fire Strategy Company
PLUS-quoted Zeta Compliance Group has acquired The Fire Strategy Company for £945,000.
Zeta Compliance helps organisations meet environmental and health and safety requirements, and the acquisition will extend its coverage from air and water hygiene and energy management to include fire safety.
Established in 2004 by Russ Timpson, the former group fire safety manager of BAA, Kent-based Fire Strategy provides fire engineering and risk management services to customers including HM Treasury, Tesco and BAA.
The acquisition consists of an initial cash payment of £195,000 to the sellers, together with Zeta Compliance shares worth £30,000.
Fire Strategy reported unaudited revenue of £454,000 in the year to October 2009.
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