Mitie Group PLC is a British strategic outsourcing and energy services company.
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11 Facts About Mitie
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In 2008 Mitie continued its strategy through the acquisition of Catering Partnership and DW Tilley.
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In 2010, Mitie acquired the integrated facilities management business of Dalkia in Ireland.
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Mitie made its first acquisition in the health and social care sector in October 2012, when it spent £111 million on homecare firm Enara.
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In February 2014 Mitie announced an eight-year contract with the Home Office, making it the largest provider of immigration removal centres in the United Kingdom.
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In March 2016 Mitie came under fire for its management of the immigration centres after the prison inspectorate said the facilities were “dirty”, “rundown” and “insanitary”.
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In 2016 shares in Mitie fell to a four-year low after the company warned that an expected boom in outsourced services wasn't happening.
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In 2015 and 2016 it was reported that Mitie was one of the most shorted stocks in the FTSE 250.
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In June 2020, Mitie announced it was to buy Interserve's 40,000-strong facilities management business in a cash and shares deal worth £271m, later revised downwards to £190m.
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Mitie is split into: Facilities Management, Property Management, Energy Solutions and Healthcare.
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