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Mitie Completes its Acquisition of Interserve

Mitie Completes its Acquisition of Interserve
01 December 2020
 

Today marks Mitie’s acquisition of Interserve's Facility Management business.

The Competition and Markets Authority cleared the deal to proceed in mid-November, after a previous investigation into whether the acquisition might reduce competition in the FM sector.

A new operating model will combine the strengths of both businesses, pledging to shape the future of the FM industry with “recognition for frontline heroes, industry-leading technology and a focus on sustainability”.

 

Five Divisions in the New Group

 

The group will be formed of five divisions, covering both the private and public sectors:

 

  • Business services which include security, cleaning and office services
  • Central government and defence
  • Communities which will serve hospitals, PFI schools, local authorities
  • Technical services including engineering services, energy, water and real estate services
  • Specialist services comprising of Mite’s existing care & custody, landscapes and waste businesses

 

Phil Bentley, Chief Executive at Mitie, commented: “I want to extend a warm welcome to all the new colleagues and clients who are joining Mitie today. I recognise that there is much to do as we bring our two companies together, but I believe that we have an opportunity to shape the future of Facilities Management. By being the voice of the frontline and a standard-bearer for the industry, together, we will create a company we can all be proud of.”

 

Benefits for Key Workers

 

Mitie now has 77,500 employees, the majority of which continue to work on the frontline of the COVID-19 pandemic in essential services. Recognising the vital services these colleagues provide, Mitie has developed a range of initiatives which offer support, development and opportunity, creating a great place to work for all colleagues.

A range of new benefits will be available to all colleagues including life assurance, a 24/7 virtual GP service, and an Employee Assistance Programme, as well as a range of other lifestyle benefits.

Picture: a photograph of a Mitie engineer working, wearing a branded protective hard-hat

Article written by Ella Tansley | Published 01 December 2020

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