Tyco Holding (UK) has acquired How Fire from Interserve. The sale was worth £12.5 million, less a net asset adjustment of approximately £200 000.
How Fire's results for the year ended 31 December 2000 showed a pretax profit of £1.7 million on a turnover of £24.1 million.
Interserve, formerly Tilbury Douglas, sold How Fire after a strategic review concluded that it did not serve the company's long-term objectives. M&E contractor How Group was bought to aid Interserve's move into facilities management.
Source
Electrical and Mechanical Contractor