Mitie Divests Pest Control DivisionOctober 1, 2018
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Mitie Group Plc has divested its pest control business unit, Mitie Pest Control Ltd., to Rentokil Initial plc for US$52 million.
Per the terms of the deal, Andy Halsall, interim managing director of Mitie Pest, will remain with the company for an unspecified period to assist with a successful transition. According to Mitie, the sale allows the company to free up funds for its core brands, Facilities Management Journal reports.
Mitie Group Plc is a London, England-based company that provides facilities, property, and asset management services to public- and private-sector businesses. To learn more, visit www.mitie.com.