MITIE Group plc (MTO.L) Friday said it has acquired the integrated Facilities Management business of Dalkia in Ireland, by the acquisition of the entire issued share capital of DFM Providers Ltd. and Dalkia Energy & Facilities Ltd. from Dalkia Ireland Investments Ltd. The total consideration for the acquisition will be up to EUR 12.5 million.
Meanwhile, Dalkia will retain its energy management, utilities, maintenance and lighting businesses on the island of Ireland. The businesses will be renamed MITIE Facilities Management Ltd and MITIE Ltd. They provide integrated Facilities Management solutions for a range of clients in both the public and private sectors, operating in a variety of industries including technology and communications, transport and logistics, manufacturing, utilities and finance.
Ruby McGregor-Smith, Chief Executive, MITIE Group said, "We are delighted to welcome the management team and all the employees to MITIE."
Initial consideration of EUR 9.5 million was paid in cash on completion and the balance will be paid in cash dependent upon the combined businesses achieving a minimum level of earnings before interest, tax, depreciation and amortisation for the year ending December 31 and other specific targets. At completion both of the acquired businesses were debt free, MITIE group said.
MTO.L shares closed Thursday's regular trading at 219.30 pence on the LSE.
For comments and feedback contact: editorial@rttnews.com
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.