Rentokil Initial plc (LSE:RTO) will look for acquisitions. At the 2020 Preliminary Results presentation Andy Ransom, Chief Executive Officer, said "So early days, it's small to start with. It will build over time. It will be relatively low margin to start with. It will build over time. We will do acquisitions where we see good opportunities, and that will give us better margins. But it's a medium-term play and relatively small numbers in the first few months of trading in that way. So when we buy a business, it's in a city that we've already previously identified that we want to move up from a red into an amber or from an amber into a green because with density comes margin. So you're absolutely right. We will see branch consolidation off the back of the EPS, but also other acquisitions as well".