Mitie to Acquire TIC Provider Marlowe 

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09 June 2025

Mitie is set to complete the acquisition of Marlowe plc in summer 2025, following shareholder approval.

Marlowe provides Testing, Inspection and Compliance (TIC) services in the UK, and has 2,800 employees and a portfolio of 27,000 clients.

Mitie says that the acquisition will complement its fire, security and environmental business, and extend the company’s water, air hygiene and asbestos services.

Following shareholder approval, the acquisition is expected to complete in summer 2025. The consideration for the acquisition will be paid in cash and Mitie shares. Marlowe shareholders would receive 290p in cash and 1.1 new Mitie shares for each Marlowe share they own. This equates to 466p per share, a 26.5 per cent premium to Marlowe’s closing share price on 3 June 2025

Phil Bentley, Chief Executive Officer of Mitie, said: “With growing legislation around Fire, Security and Water & Air Quality, our clients need a partner who can also offer a broad range of Facilities Compliance capabilities. In a growing Testing, Inspection and Certification (TIC) market valued at £7.6 billion per annum, Marlowe stands out as a leader in Fire & Security and Water & Air and Asbestos compliance. 

“Adding Marlowe’s c.3,000 highly respected colleagues to Mitie’s capabilities and providing access to Mitie’s clients will generate significant revenue growth opportunities as well as immediate cost efficiencies. We are excited about the next chapter in Mitie’s history to become a leading Facilities Compliance provider.”

Picture: a photograph of Phil Bentley. Image Credit: Mitie 

Article written by Ella Tansley | Published 09 June 2025

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