Specialist services firm snapped up by outsourcer Mitie in £366m deal
Outsourcing giant Mitie is to acquire smaller rival Marlowe for £366m as it looks to become a major player in the fire and security sector.
Mitie, which was launched in Bristol in 1987 and today employs 76,000 people working in areas ranging from cleaning and security to maintenance, said the recommended cash and share offer would help it become the UK's leading ‘facilities transformation’ company.
It would also deliver £30m of cost synergies, said Mitie in comments accompanying its results for the year to 31 March that s... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
