Rentokil Initial plc it has entered into an agreement to form a joint venture with Pest Control India (PCI) and to acquire a 57% stake in the new joint venture. As part of the transaction, the Company will merge its Indian business into the joint venture. The combined entity will be the largest provider of pest control services and products in India with combined annual revenues of INR 450 crores (c. £50m), operate from 250 locations and employ c.6,900 people.

Andy Ransom, Chief Executive of Rentokil Initial plc, said, "PCI is an outstanding business and by combining its national scale in India with our global expertise, we will create a market leader that is strongly positioned to take advantage of the increasing demand for commercial and residential pest control services over the coming years.  Both companies operate similar business models with a strong commitment to colleagues and delivering outstanding customer service."

Anil Rao, Chief Executive, PCI and Chairman of the JV, said, "The joint venture is the most strategic combination of the acknowledged managerial and technical skills represented by Rentokil Initial and PCI's premier position, broad-spectrum customer base and vast experience operating on the Indian subcontinent. It is perfectly suited and timed to capitalise on the surging demand for high quality, world-class pest management services.

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