Mitie Buys Vision Security from Compass Group for GBP14 Million -- Deal Digest
08 Outubro 2018 - 6:11AM
Dow Jones News
By Adam Clark
ACQUIRER: Mitie Group PLC (MTO.LN)
SELLER: Compass Group PLC (CPG.LN)
TARGET: Vision Security Group Ltd.
PRICE: 14.0 million pounds ($18.4 million)
STATUS: Agreed deal
EXPECTED CLOSE: By the end of October.
RATIONALE: To strengthen Mitie's Total Security Management
business, accelerating the growth of its technology-enabled and
intelligence-led security solutions.
QUOTATION: "As a core part of Mitie, our security business has
delivered a strong performance over the last three years, with
sales growing by over 30%. This acquisition gives us the leadership
position we seek to maximise value from our technology-led
solutions," Mitie Chief Executive Phil Bentley said.
STOCK MOVE: At 0836 GMT, Mitie shares down 0.7%, Compass shares
up 0.7%.
Write to Adam Clark at adam.clark@dowjones.com;
@AdamDowJones
(END) Dow Jones Newswires
October 08, 2018 04:56 ET (08:56 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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