Mitie Group: Acquisition spree helps company to bumper growth Business The revenue haul, which totalled £1.16bn, represented a 10.5 per cent year-on-year increase and came alongside a number of major contract wins.
Mitie: Shard-based outsourcing giant swoops for electrical engineering firm ESM Power Business Outsourcing giant Mitie has landed a high-voltage deal as it acquired leading electrical engineering firm ESM Power.
Mitie: Outsourcing firm based in London’s Shard posts record £4.51bn revenue after M&A spree Business Mitie Group raked in a record £4.51bn in revenue last year as new contract wins and a spate of M&A led to growth across the business.
Mitie Group forecasts record revenue and launches buyback as profit set to spike April 15, 2024 Outsourcing company Mitie Group has reported record revenue of £4.5bn, an 11 per cent increase from the previous year.
Revenue surges to £4bn for outsource giant Mitie thanks to new contract wins June 9, 2022 Outsource company Mitie recorded a 58 per cent revenue boost of £2.5bn thanks new contract wins, as well as good growth at Interserve Facilities Management.
Mitie snaps up telecoms tower design house P2ML amid competition probe April 1, 2022 Mitie has snapped up a telecoms tower design house for £2.1m. It has acquired P2ML, which provides construction and maintenance services for cellular telecoms infrastructure. The strategic outsourcing firm is being probed by the competition watchdog for its reported relationship with US company PAE, in trying to get contracts for immigration removal centres (IRC). The [...]
Competition watchdog ‘raids’ Mitie Group’s London HQ over immigration centre contract investigation March 30, 2022 The Competition and Markets Authority (CMA) ‘raided’ the offices of outsource company Mitie, over concerns about alleged anti-competitive behaviour. The firm’s London premises were reportedly looked according to the Guardian, regarding its reported relationship with US company PAE, in trying to get contracts for immigration removal centres (IRC). This comes after the CMA launched an [...]
Boardroom shuffle: Mitie ushers in BT executive and former government adviser March 29, 2022 British outsourcing giant Mitie has undergone a boardroom shuffle, ushering in a BT executive and former special adviser to health secretary Sajid Javid. Stepping onto the board at the beginning of April, Chet Patel and Salma Shah join as non-executive directors. Patel, who will maintain his role as BT’s chief commercial officer and managing director [...]
Mitie offloads document management business in £40m deal August 23, 2021 Mitie today said it has agreed to sell its document management business to Swiss Post Solutions (SPS) for £40m. Mitie Document Management pulled in revenue of £48m and earnings before interest, tax, depreciation and amortisation of £4.2m in the year to the end of March. The FTSE outsourcing group, which operates cleaning and security for [...]
Mitie doubles first quarter revenue on back of Interserve acquisition July 27, 2021 Outsourcer Mitie today said that it had doubled its first quarter revenue as the firm’s acquisition of rival Interserve’s facilities management business paid instant dividends. The FTSE 250 firm said that revenue rose to £930m in the first quarter, up 104 per cent on the £455m that it booked in the same period last year. [...]