OCS GROUP INTERNATIONAL LIMITED to acquire Mitie Group plc

OCS Group International Limited has agreed to acquire Mitie Group plc in a strategic acquisition valued at £3.1 billion. The transaction, which represents an equity value of £3.1 billion, is structured as a cash deal. Both the buyer and the target are based in the United Kingdom, with the target operating within the professional services sector. The deal was announced on 21 July 2026, marking a significant consolidation move within the UK professional services market. As a strategic acquisition, the deal involves one company purchasing another to expand its operational footprint or service offerings, rather than a management buyout or a merger of equals. The consideration is entirely in cash, providing immediate liquidity for the shareholders of Mitie Group plc. This structure allows for a straightforward transfer of ownership without the complexities of stock swaps or deferred payments. The parties have reached a firm intention to proceed with the transaction, indicating that key terms have been agreed upon and the deal is moving towards completion.

The transaction is subject to regulatory approval and other customary closing conditions.