I emailed spotless investor relations about it and got the...

I emailed spotless investor relations about it and got the following response below, if Nuvo has a similar EV/Revenue to spotless it would be closer to $30 or $40m (but im not confident thats a good analogy).

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Hi Glenn
Nice to hear from you again and always happy to answer any question you might have

I can confirm Spotless did acquire Nuvo group (see their website www.nuvogroup.com.au)

The acquisition costs referred to of $150m is not accurate

We have not disclosed a purchase price, however I can confirm it was modest.
The business was privately owned and has turnover of $60m to $80m per annum. This will at least give you some context on size

It is a good business, with good presence in the health and tertiary education sectors, which are target sectors for Spotless

Paul McMurtrie (owner and managing director) is staying with the Spotless group and is a fantastic addition to the team

All the best
Geoff

Geoff Bryant
General Manager - Investor Relations