Outsourcing company Mitie Group PLC (MTO.L) Thursday announced that it has acquired Procius Limited, a UK pre-employment screening company, from the management team. Consideration of up to 2.3 million pounds is payable, subject to any adjustment for final completion accounts.
Procius is a specialist in pre-employment screening and vetting, and has particular expertise in the aviation and transportation sectors.
Mitie noted that the acquisition will provide its Total Security Management business with additional niche capability and support its growth.
According to the firm, the combined business has over 3,000 customers across all sectors. The acquisition will add an operational hub in Basingstoke to Mitie's PeopleCert and UKCRBs businesses.
Ruby McGregor-Smith CBE, Mitie's Chief Executive, said, "I am delighted to welcome the Procius employees to our rapidly growing screening and vetting business. This acquisition will significantly enhance the services that we offer to our customers, particularly in the aviation and transport sectors."
In London, Mitie shares were losing 0.33 percent, and trading at 273.70 pence.
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