Facilities management giant OCS has announced its recommended acquisition of Mitie in a £3.1bn cash deal, bringing together two complementary businesses specialising in facilities management and beyond.
In a release seen by Tomorrow’s Cleaning, OCS said: “The proposed combination would create a UK-headquartered international FM group with broader sector expertise and geographic reach, bringing together two businesses with complementary strengths, a shared British heritage and an entrepreneurial spirit.”
The proposed combination would, the company believes, strengthen the group’s ability to support existing and new customers operating in increasingly complex, regulated and mission critical environments across government, defence, healthcare, national infrastructure, life sciences and commercial markets.
By broadening its portfolio of self-delivered specialist facilities services and continuing to invest in people, technology and operational excellence, OCS says the combined group would be better positioned to help customers navigate evolving operational, regulatory and compliance requirements while supporting long term resilience and performance.
Rob Legge, Group CEO of OCS, said: “While there is a long process ahead, both businesses remain focused on supporting customers and delivering the high standards they expect every day. Together, we can build something remarkable for our colleagues, our customers and the country.”
Phil Bentley, Chief Executive Officer at Mitie, added: “As part of a larger group with a wider geographical footprint, Mitie would have an even stronger platform to invest in our people, technology and services, and to do even more for the customers and communities we support.”
Completion of the acquisition is subject to terms and conditions made in the announcement, including approval by Mitie’s shareholders and regulatory approval.
