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.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.