Mitie Group plc completes acquisition of Argus Fire to strengthen its presence in the UK fire and security sector
Oct 24, 2024•10 months ago
Acquiring Company
Mitie Group plc
Acquired Company
Argus Fire
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.
M&A Insights
Based on deal dataIntegration 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