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Mitie Acquires GBE Converge Group for £27m

Mitie Acquires GBE Converge Group for £27m
02 November 2023
 

Mitie has acquired a fire and security solutions business to expand its “intelligence-based fire and security capabilities” for its clients.

GBE Converge Group is an independent company based in Gloucester that provides fire, security and ICT solutions to customers in government and the construction, data centres and ICT sectors. It provides services such as fire detection and suppression systems, access control, intruder alarms, CCTV, and security management systems, as well as managing the network infrastructure to support these systems. The business employs 170 people across the UK and Europe. 

The purchase comprises an initial payment of £20 million and deferred payments of up to £7 million performance-based payments over three years.

 

Mitie’s Plans in Fire and Security Markets

 

This acquisition follows Mitie’s other expansions into fire and security markets in 2023, including the purchase of Linx International, RHI Industrials and JCA Engineering.

Phil Bentley, Group Chief Executive, Mitie, said: “We are delighted to welcome the GBE team to the Group. As our customers’ needs for facilities transformation evolve and demand grows for ‘smart buildings’, Building Management Systems are increasingly converging with Fire & Security platforms. The acquisition of GBE brings sophisticated intelligence-based Fire & Security capabilities and enables Mitie to broaden the range of projects we can self-deliver for our customers in the built environment.” 

Jason Buttle, Found & Chief Executive, GBE Converge Group, added: “Joining the Mitie Group and having access to their blue-chip customer base and financial strength will lead to greater opportunities to grow our business. I am excited about what the coming years will bring.” 

Picture: a photograph of a person using a handheld tablet, standing in front of a window that shows an aeroplane on a runway. The person is wearing a hi-vis vest with the word "security" on it. Image Credit: Mitie

Article written by Ella Tansley | Published 02 November 2023

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