- Mears Group to acquire housing related activities of Mitie
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Posted 19.11.18
Mears Group: Article link
Mears Group has reached an agreement to buy the housing related activities of Mitie PLC, which will include the transfer of 1,000 staff.
This acquisition has many benefits for the Mears Group, most notably further building its position in the Repairs and Maintenance market. It should also offers opportunities for bringing together innovation and best practice for the benefit of its clients.
Initially, the Housing activities of Mitie Property Services (MPS UK) will transfer to a new company. The new company will be called MPS Housing Limited.
This initial transfer is to enable Mears to buy just the housing services, while other parts of MPS UK will remain with Mitie. It is anticipated that this transaction to complete on the 30th November.
