Our acquisitions over the years

c£250m

investment in acquisitions since FY11

25

Transactions

267%

Revenue growth since FY11

Our M&A criteria

We seek to acquire complementary businesses in current or close adjacent market niches, with
the following key attributes:

Strong brand
with equity in its markets

Access to market
from which growth can be accelerated

Good teams
which we back and support

Opportunities
enhance growth and return

Aligned purpose
of delivering "Healthy Air Sustainably"