REG - MITIE Group PLC - Mitie enhances data centre projects capability

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RNS Number : 6428A  MITIE Group PLC  16 April 2026

16 April 2026

Mitie Group plc

LEI number: 213800MTCLTKEHWZMJ03

 

Mitie enhances its leading data centre projects capabilities with two infill
acquisitions

 

Mitie Group plc ("Mitie" or "the Group") announces that it has acquired two
Fire & Security businesses - El Team Vest (Denmark) and ABC Elektro
(Norway) - for a combined initial cash consideration of £8.1m 1  (#_ftn1) .
These acquisitions enhance Mitie's projects and ongoing maintenance
capabilities in the fast-growing European data centre fire & security
systems market, where the Group has an established pipeline supporting leading
global clients including Microsoft, Google and Equinix.

El Team Vest, based in Horsens, Denmark, brings c.20 years of experience in
the design, installation and maintenance of complex electrical works,
including data and fibre networks, active fire and security systems, building
management systems and high-voltage electrical connections. Recent projects
include the design and installation of a complex electrical retrofit for Velux
and turnkey electrical contracting for the new headquarters of ABB Group and
DSV Logistics.

ABC Elektro, based in Horten, Norway, is a fully accredited Fire &
Security provider with complementary electrical capabilities including data
connections and the installation of building management systems. The business
focuses on commercial and construction customers and benefits from a strategic
location serving the Oslo commercial district.

The rapid expansion of generative AI and machine learning is driving
substantial global investment into data centre capacity. The Nordics have
emerged as one of Europe's most important hubs, benefiting from abundant
renewable energy, grid capacity, a cool climate, and supportive regulatory
frameworks. For hyperscale and colocation providers, the region is an
increasingly attractive location for new developments.

Mitie is active in the data centre market in the Nordics via one of its
specialist Fire & Security businesses, GBE Converge (acquired in 2023;
revenue c.£95m, of which c.30% in the Nordics), where we deliver projects to
global clients including those mentioned above. With the financial backing of
Mitie, the two acquired businesses (with a combined local workforce of c.100
colleagues) will deepen Mitie's capability across the region. El Team Vest
will become Mitie's local Fire & Security Centre of Excellence, providing
technical leadership, commercial governance and operational expertise.

El Team Vest was acquired for an initial cash consideration of c.£7.6m(1) and
deferred payments of up to £4.0m over three years, linked to performance. In
the 12 months to 31 December 2025 the business generated revenue of £16.6m
and EBITDA of £3.2m.

ABC Elektro was acquired for an initial cash consideration of c.£0.5m(1) and
deferred payments of up to £0.4m over three years. In the 12 months to 31
December 2025 the business generated revenues of £2.7m (break-even EBITDA
after investments).

Jason Buttle, Managing Director - Fire & Security Projects, said:

"The acquisitions of El Team Vest and ABC Elektro strengthen our ability to
deliver complex fire, security and electrical solutions across the Nordics,
one of Europe's most important and fast‑growing data centre hubs. With
Mitie's financial backing and their deep technical expertise, strong local
reputations and track records supporting major commercial and technology
clients, we expect these businesses to scale up our data centre offering. We
look forward to welcoming their highly skilled colleagues to Mitie as we
support our hyperscale and colocation customers in meeting the rapidly
increasing demand for data centre capacity."

For further information

 Kate Heseltine                            kate.heseltine@mitie.com (mailto:kate.heseltine@mitie.com)

 Group IR and Corporate Finance Director

 Claire Lovegrove                          claire.lovegrove@mitie.com (mailto:claire.lovegrove@mitie.com)

 Director of Corporate Affairs

 Neil Bennett                              mitie@h-advisors.global (mailto:mitie@h-advisors.global)

 H/Advisors Maitland                       +44 (0)790 000 0777

 

About Mitie: The Future of High Performing Places

Founded in 1987, Mitie employs 84,000 colleagues and is the leading
technology-led Facilities Management, Transformation and Compliance company in
the UK.  We are a trusted partner to blue-chip customers across the public
and private sectors, working with them to transform their built estates, and
the lived experience for their colleagues and customers, as well as providing
data-driven insights to inform better decision-making.

In each of our core services of engineering (hard services) and security and
hygiene (soft services) we hold market leadership positions.  We also deliver
transformational projects in the areas of power and grid connections, building
fit outs & modernisation, decarbonisation, fire safety & security and
telecoms infrastructure, alongside compliance capabilities in fire safety
& security and environmental services.  Our sector expertise includes
central government, critical national infrastructure, defence, financial
services, healthcare & life sciences, immigration & justice, local
government & education, retail & logistics, manufacturing and
transport & aviation.

We hold industry-leading ESG credentials, including a place on the CDP Climate
change A List, and we have received multiple awards including Best Low Carbon
Solution and Net Zero Carbon Strategy of the year. We have validated
science-based targets that support our ambitions to reach Net Zero.  We have
been recognised as a UK Top Employer for the eighth consecutive year. We are
also ranked 16th in the Top 100 Apprenticeship Employers and tenth in the
Inclusive Top 50 UK Employers list. Find out more at www.mitie.com
(https://eur01.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.mitie.com%2F&data=05%7C02%7CClaire.Lovegrove%40mitie.com%7Cd2d1ed53d7494b4f5d1608ddcea686e0%7C9e66e0b4768c4506a1b67e44c80595f2%7C0%7C0%7C638893936794778789%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=WzGlhZ8UAN0yTYDWe7yLrRnGZNbgLQw8E7Cm4zAF51A%3D&reserved=0)
.

 

 1  (#_ftnref1) On a cash free, debt free basis with a normalised level of
working capital

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