Mitie Group plc (GB:MTO) has released an update.
Mitie Group plc announced the strategic acquisition of Grupo Visegurity, a top Spanish security firm, for up to €11.0m to expand its security services in Spain. The deal includes an initial payment and performance-linked deferred payments, with Visegurity’s 600 employees joining Mitie’s workforce. This acquisition is set to strengthen Mitie’s position in a fragmented market, complement its service suite, and enhance cross-selling opportunities with an enlarged customer base.
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