Mitie acquires Nordic data centre security firms
Mitie has expanded its data centre capabilities in the Nordics by acquiring Danish and Norwegian fire and security businesses, El Team Vest and ABC Elektro, for an initial £8.1 million, with performance-based deferred payments.
MAIN POINTS
- Mitie acquired two Nordic security firms to enhance data centre capabilities.
- The acquisition involves companies in Denmark and Norway.
- Initial cash consideration for the purchase is £8.1 million.
- Additional payments are contingent on the acquired firms' performance.
TAKEAWAYS
- Mitie's acquisition strategy focuses on expanding its presence in the Nordics.
- The deal strengthens Mitie's data centre security services.
- Performance-based payments indicate a focus on long-term success.
- This move aligns with Mitie's growth in the facilities management sector.