Facilities management company OCS to acquire Mitie in £3.1b deal

UK-based facilities management company Mitie has agreed to a £3.1b takeover offer by rival OCS Group.

A notice on the London Stock Exchange stated the acquisition brings together two UK-headquartered businesses “with complementary strengths, a shared British heritage and an entrepreneurial spirit”.

The deal is expected to expand the geographical reach of the group, which altogether generated combined revenues of roughly £8.5b for the year ended 31 December 2025.

The enlarged group said the agreement will bring new opportunities to staff through apprenticeships and career development across a wider selection of sectors, ranging from government, defence and healthcare to life sciences and commercial markets.

Rob Legge, group chief executive 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.”

Phil Bentley, chief executive of Mitie, added: “Today’s announcement is a testament to everything we have achieved at Mitie in recent years – especially the talent and expertise of our people, the business we have built together as well as its future potential. This recommended offer reflects the strength of Mitie’s brand, capabilities and reputation, and delivers value for our shareholders.

“As part of a larger group with a wider geographical footprint, Mitie would have an even stronger platform to invest in our people, technology and services, and to do even more for the customers and communities we support. There is a process still to run and much to work through. Until completion, it is business as usual, and our focus stays firmly on delivering safely and reliably for our customers every day."

OCS operates across the UK, Europe, Asia Pacific and Middle East, serving more than 8,000 customers across the public and private sectors. The business was acquired by private equity firm Clayton, Dubilier & Rice in December 2022.

Mitie was founded in 1987 and works with 3,000 customers in the public and private sectors.

The acquisition is expected to complete during the first quarter of 2027 and will coincide with Mitie being delisted from the London Stock Exchange.