LONDON: Mitie Group has announced the acquisition of Argus Fire, a UK engineering-led fire systems business, for a total consideration of £38.0m, building on Mitie’s position as a leading operator in the high-growth, high-margin UK fire & security market. Argus Fire has over 40 years of experience specialising in the design, installation, servicing and maintenance…
LONDON: Mitie Group plc has entered into an agreement to acquire ESM Power, a leading high voltage electrical engineering business specialising in grid and power connections, for a maximum consideration of £8.5m (comprising an initial payment of £5.5m and performance-linked deferred payments of up to £3m over two years). Completion is expected on 31 July…
LONDON, UK: Mitie Group announced the acquisition of leading critical environment project designer and principal contractor, JCA Engineering (JCA), for a maximum cash consideration of £31.5m (comprising an initial payment of £21m and deferred payments of up to £10.5m over three years, linked to performance). Based in Stevenage, JCA has 20 years of experience in…
LONDON, UK: Mitie Group plc has entered into a sale and purchase agreement (‘SPA’) to acquire the entire issued share capital of Custom Solar Ltd, a solar power solutions company specialising in the development, design, installation and maintenance of solar power systems for public and private sector clients. Custom Solar’s design and installation expertise, combined…
LONDON, UK: Mitie Group plc has acquired 8point8 Support Limited, 8point8 Training Limited and Vantage Solutions Limited (collectively “8point8”), a leading provider of design and construction services in the UK, predominantly for mobile telecoms tower infrastructure. Total consideration is £10 mn and the acquisition will be accretive to earnings and funded through existing facilities. With…
LONDON, UK: Mitie Group plc has acquired P2ML, a specialist telecoms tower design house, which will further expand its Telecoms Acquisition, Design and Construction (ADC) capabilities following the acquisition of DAEL Telecoms last year. P2ML has market leading expertise in providing design, construction, inspection and maintenance services for cellular telecoms infrastructure, enabling major network operators…
LONDON, UK: Mitie Group has acquired Rock Power Connections Limited (Rock), a leading Independent Connections Provider (ICP). Rock has nationwide coverage and specialises in the design and installation of new high voltage electricity supplies, the renewal of industrial and commercial customers’ electrical assets up to 132kV, and the EV charging installation for non-residential blue-chip customers….
LONDON, UK: Mitie Group plc has entered into an agreement to sell its Document Management business to Swiss Post Solutions Limited (SPS) for £40 million on a debt-free cash-free basis, a news release said. Mitie Document Management delivered revenue of £48m and an EBITDA of £4.2m for the twelve months to 31 March 2021. The…
LONDON, UK: Mitie Group plc has acquired DAEL Ventures Limited, a leading provider of acquisition, design and construction (ADC) services in the UK for mobile telecoms infrastructure, for £15 million. This acquisition will broaden Mitie’s expertise in the fast-growing telecoms sector, delivering end-to-end service for customers and giving Mitie market-leading capabilities. The acquisition will be…