Press Release

29 July 2011

MITIE acquires 100% control of SMI

MITIE Group PLC (“MITIE”), the strategic outsourcing and energy services company, has acquired the remaining 50% share of Service Management International (SMI) to take full control. 

MITIE, which already owned 50% of SMI, acquired the remaining share from Klüh Service Management, based in Germany. Klüh, and its international subsidiaries, will continue to be part of SMI’s supply chain solution. 

SMI was established in 2000 and has matured into an EMEA supply chain manager with the ability to co-ordinate global FM solutions. Currently SMI manages and delivers some 15 EMEA portfolio contracts for blue chip clients. 

Ruby McGregor-Smith, Chief Executive, MITIE Group PLC, commenting on the transaction, said: 

“We are delighted to have acquired SMI in full, as part of our strategy to develop MITIE’s ability to support our clients overseas. 

“SMI will remain part of MITIE’s international strategy, targeted where its operational model has the greatest attraction for clients.”

-ENDS-

Notes for editors

What is MITIE?
We’re the strategic outsourcing company. What does that mean in practice? We manage facilities, properties and assets for our clients across the UK and beyond.

We work with our clients in three ways; some take full advantage of our whole range of expertise, others may only need one aspect of what we do:

Strategy and consultancy
+ Facilities and project management
+ Service delivery

Our strategic input can add value at the highest level by helping clients to manage their assets, while our practical management expertise can save customers money and reduce their carbon emissions. We work with a vast number of clients in every industry across both the public and private sectors and deliver the broadest range of services that can be found in one place: from integrated facilities management to engineering maintenance to lifecycle energy management and much more.

There’s a lot more to MITIE than you probably think. We’re a big company with big ambitions – a leading FTSE 250 support services business, with more than 61,000 people, revenues in excess of £1.9bn, and a reputation for being the best.

Visit us at www.mitie.com