OCS, the facilities management giant, has agreed a £3.1bn cash takeover of Mitie, bringing together two complementary businesses specialising in facilities management and transformation.
In a release seen by Tomorrow’s FM, OCS said: “The proposed combination would create a UK headquartered international facilities management group with broader sector expertise and geographic reach, bringing together two businesses with complementary strengths, a shared British heritage and an entrepreneurial spirit.”
The proposed combination would, the company believes, strengthen the group’s ability to support existing and new customers operating in increasingly complex, regulated and mission critical environments across government, defence, healthcare, national infrastructure, life sciences and commercial markets. By broadening its portfolio of self-delivered specialist facilities services and continuing to invest in people, technology and operational excellence, OCS says the combined group would be better positioned to help customers navigate evolving operational, regulatory and compliance requirements while supporting long term resilience and performance.
Rob Legge, Group CEO of OCS, said: “This is an important milestone for both organisations and an exciting opportunity to bring together two highly complementary businesses with a shared commitment to delivering the best outcomes for colleagues and customers. Subject to completion, we would build a British facilities management group that is better positioned to support the organisations that keep the country running. Together, we can better support existing and new customers, help more people into work and strengthen our contribution to getting Britain moving. While there is a long process ahead, both businesses remain focused on supporting customers and delivering the high standards they expect every day. Together, we can build something remarkable for our colleagues, our customers and the country.”
