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Mitie Divests Pest Control Division

October 1, 2018 Mitie Divests Pest Control Division

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.

About Mitie
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.