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Mitie Group plc completes acquisition of Argus Fire to strengthen its presence in the UK fire and security sector

Oct 24, 202410 months ago

Acquiring Company

Mitie Group plc

Acquired Company

Argus Fire

LondonWest MidlandsOtherPublic SafetySecurity

Description

Mitie Group plc has successfully acquired Argus Fire, a UK-based fire systems business, for a total consideration of £38.0 million. This acquisition strategically enhances Mitie's scale and self-delivery offerings, complementing its fire and security solutions portfolio and reinforcing its market leadership in the UK fire and security market.

Company Information

Company

Mitie Group plc

Location

London, England, United Kingdom

About

Mitie Group plc is a leading strategic outsourcing company, with over 30 years of experience in delivering a range of facilities, property, and asset management services to the public and private sectors. The company has a strong emphasis on sustainability, innovation, and customer-centric services, and it is continuously expanding its portfolio through strategic acquisitions and partnerships.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed