.gif)
Mitie Completes its Acquisition of Interserve
Today marks Mitie’s acquisition of Interserve's Facility Management business. The Competition and Markets Authority cleared the deal to proceed in...
Read Full Article.gif)
The Leading News & Information Service For The Facilities, Workplace & Built Environment Community
CMA Launches Investigation Into Interserve and Mitie Deal
15 September 2020 | Updated 30 March 2022
The Competition and Markets Authority is investigating whether the deal between Interserve Support Services and Mitie might reduce competition in the FM sector.
The sale of Insterserve’s facilities management business to competitor Mitie was announced in June 2020, and the merger comprises £120m in cash and a 23.4 per cent shareholding in Mitie.
According to a report by Reuters, Mitie has commented that “The transaction was voluntarily referred to the CMA for clearance and we are working closely with the CMA to progress the process.”
The acquisition of Interserve’s Facilities Management business is conditional on the approval of Mitie’s shareholders, and was expected to be completed in or around Q4 2020.
ThisWeekinFM has approached both Mitie and Interserve’s press teams for comment.
Picture: A photograph of a stack of white folders filled with paperwork
Article written by Ella Tansley | Published 15 September 2020
Share
Related Articles
Mitie Refutes Claims of Lack of Cooperation Amid Strike Action in Carlisle
As over 70 cleaners, porters and other support staff at Carlisle’s Cumberland Infirmary prepare to strike over a decade-long pay dispute, Mitie says it has never...
Read Full ArticleMitie Attains Contracts Worth Over £770m in Last Three Months
In its Q3 trading update, Mitie has revealed an organic revenue of £573.9 million, 6.7 per cent ahead of the same period last year. The firm also said it had won...
Read Full ArticleMitie's Acquisition of Interserve Cleared to go Ahead
The Competition and Markets Authority has cleared Mitie's acquisition of Interserve to proceed, subject to the approval of Mitie's...
Read Full Article£81m Off – Mitie and Interserve Renegotiate Terms of Sale
The terms of the sale of the merger of Interserve’s Support Services division with Mitie have been renegotiated, with the transaction now valued at £190m...
Read Full ArticleFunds from Rights Issue Expected To Support Interserve Acquisition, says Mitie
The acquisition of Interserve’s Facilities Management business is conditional on the approval of Mitie’s shareholders, and expected to be completed in or...
Read Full ArticleMitie Acquires Argus Fire
Mitie has acquired the UK fire systems business Argus Fire for £38 million. Argus Fire, led by Matt Lincoln, designs, installs, services, and maintains fire...
Read Full ArticleMitie Acquires ESM Power
Mitie has agreed to acquire the Lincolnshire-based high-voltage electrical engineering business ESM Power in a deal worth £8.5 million. ESM Power will join...
Read Full ArticleMitie Acquires Cliniwaste
Mitie has acquired healthcare waste disposal company Cliniwaste to bolster its clinical waste management provision. Cliniwaste, which specialises in treating plastic...
Read Full ArticleMitie Acquires JCA Engineering for £31.5m
Outsourcing firm Mitie has acquired Stevenage-based engineering contractor JCA Engineering in a deal worth £31.5 million. Mitie will pay an initial cash payment...
Read Full Article.png)
.png)
.png)
