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CMA provides merger clearance for Mitie’s acquisition of Interserve FM

The Competition and Markets Authority (CMA) has published an update on its review of Mitie’s acquisition of Interserve’s Facilities Management business giving clearance for the transaction to proceed.

The CMA has decided on the information currently available to it, “not to refer” the merger to a phase 2 investigation under the provisions of the Enterprise Act 2002.

The transaction now remains subject to the approval of Mitie’s shareholders with the vote being held on 23 November.

Subject to approval, Mitie expects the deal to be complete on 30 November.

Speaking about the news, Phil Bentley CEO, Mitie said: “We welcome the announcement from the CMA confirming that it has provided merger clearance for our acquisition of Interserve FM.

“Receiving CMA clearance is an important milestone as we work towards completion of the transaction.”

The CMA launched an inquiry into the anticipated acquisition of Interserve’s Support Services division by Mitie back in September to discover whether the deal would reduce competition in the FM sector.

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