26.9 C
New York
Sunday, July 13, 2025
HomeBusinessRentokil to buy Indian pest control firm HiCare

Rentokil to buy Indian pest control firm HiCare

Date:

Related stories

Trump secures UK trade deal amid EU demands and tariff tensions

President Donald Trump has finalized a significant trade agreement...

Gold prices hit record high as Trump’s ‘Liberation Day’ tariffs shake global markets

Gold prices have surged to unprecedented levels following President...

Indian-American Ajay Anand joins Wharton’s AI leadership to shape future innovators

Ajay Anand, a distinguished Indian-American executive with over 26...

Bharti Airtel partners with SpaceX to bring Starlink’s high-speed internet to India

Bharti Airtel Joins Forces with SpaceX to Launch Starlink...
Advertisements
Advertisements

Pest control and hygiene services firm Rentokil Initial wants to increase its footprint in India, which has one of the world’s largest pest problems.

The FTSE 100 company is set to buy HiCare, India’s second-largest pest-control company, from a private equity firm, The Times reports.

HiCare has 30 branches delivering commercial, residential, and termite pest control services with an annual revenue of £8 million.

Advertisements

Rentokil is already in a joint venture with India’s largest operator Pest Control India, a deal it clinched in 2017 after acquiring 57 per cent stake.

The latest acquisition is part of Rentokil’s “cities of the future” strategy to tap fast-growing urban centres, where pests pose a challenge.

- Advertisement -

The company has made 46 acquisitions since 2020 in cities located across Asia and South America.

Rentokil sees huge potential in India because of its tropical climate and 46 cities with a population of more than a million.

The rising middle class is spurring the demand for higher living standards and they are increasingly seeking the services of professional pest control firms.

India currently has over 6,000 small pest-control companies and Rentokil chief executive Andy Ransom sees a huge potential for mergers and acquisitions.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories