{"id":78160,"date":"2020-06-25T09:36:07","date_gmt":"2020-06-25T08:36:07","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=78160"},"modified":"2020-06-25T09:36:07","modified_gmt":"2020-06-25T08:36:07","slug":"facilities-management-business","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/hr-skills-news\/facilities-management-business\/78160\/","title":{"rendered":"Mitie to acquire Interserve facilities management business"},"content":{"rendered":"
\n

Mitie<\/a> is buying Interserve’s<\/a> facilities management arm for \u00a3271m, which will create the UK\u2019s largest FM business, employing 77,500 staff<\/h2>\n

As part of the agreed facilities management takeover, Interserve will receive \u00a3120m in cash and a 23.4% shareholding in Mitie.<\/p>\n

The proposed transaction is subject to certain conditions, including approval from Mitie\u2019s shareholders.<\/p>\n<\/div>\n

The combined organisation will be evenly balanced between the public and private sectors and will be the largest facilities management<\/a> company in the UK, employing over 77,500 people.<\/p>\n

Following the completion of the transaction, Interserve will continue to focus on delivering its business plans for its three remaining divisions; construction, Interserve Construction Limited and Equipment Services (RMD Kwikform) and citizen services.<\/p>\n

Alan Lovell<\/a> will continue to lead Interserve as chairman, supported by Mark Morris, executive director and chief financial officer.<\/p>\n

Interserve\u2019s role<\/h3>\n

Interserve will remain focused on delivering infrastructure where it can leverage its capabilities in order to create value for clients.<\/p>\n

It will focus on delivering on time and to budget across a range of key sectors including healthcare, defence, education, and major framework projects with the central government, local authorities, utilities and other private and public sector organisations.<\/p>\n

The company will continue to be chaired by Nick Pollard, supported by managing director, Paul Gandy.<\/p>\n

RMD Kwikform<\/h3>\n

RMD Kwikform will remain focused on providing complex engineering solutions to customers in the UK and internationally, supported by its leading technology and an extensive fleet of specialist equipment.<\/p>\n

RMD Kwikform will continue to be led by its chairman Ken Hanna and Ian Hayes as managing director.<\/p>\n

Citizen services<\/h3>\n

The group\u2019s citizen services division, comprising of Interserve Healthcare, Interserve Learning & Employment<\/a> (ILE) and the company\u2019s Community Rehabilitation Companies that deliver rehabilitative services to low and medium risk offenders.<\/p>\n

This division, previously part of Interserve Support Services, is not included in the transaction and will continue to be managed by Ian Mulholland.<\/p>\n

\n<\/div>","protected":false},"excerpt":{"rendered":"

Mitie is buying Interserve’s facilities management arm for \u00a3271m, which will create the UK\u2019s largest FM business, employing 77,500 staff.<\/p>\n","protected":false},"author":20,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[285],"tags":[676,664,882,742,661,592,13889],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-78160","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-hr-skills-news","7":"tag-construction","8":"tag-construction-services","9":"tag-employment","10":"tag-facilities-management","11":"tag-hr","12":"tag-skills","13":"tag-tilbury-douglas"},"acf":[],"yoast_head":"\nMitie to acquire Interserve facilities management 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