Mitie GroupMitie Spain has acquired Biservicus Group, an installer and integrator of fire, security and alarm systems.
Based in the Canary Islands, Biservicus is accredited and licensed to provide security services across the country. Over the last 30 years the company has installed 8,000 security alarms for 4,000 customers. and is certified to deliver security services across Spain. Its 200 specialists will join the Mitie Spain team.
The acquisition is Mitie Spain’s first forray into the security sector and compliments its existing cleaning and facilities management operations.
Biservicus Group also operates Bisermax Control, a facilities management business specialising in the hospitality sector.
José Luis García Hurtado, Mitie Spain’s managing director, becomes General Manager of Biservicus, overseeing its integration.
The addition of Biservicus will enhance Mitie’s service offering in Spain where it currently provides wide-ranging cleaning and facilities management services, predominantly focused on transport, aviation, retail and healthcare customers.
With this addition to our business, we’re excited to be able to expand our service offering for customers, both in the Canary Islands and beyond.
Hurtado says: “We are delighted to welcome the Biservicus team to the Mitie Spain family. With this addition to our business, we’re excited to be able to expand our service offering for customers, both in the Canary Islands and beyond.”
Biservicus Group has an annual revenue of €7m. The consideration paid for the entire issued share capital of Biservicus Group is €3.3 million on a debt free, cash free basis, with a normalised level of working capital. The acquisition will be funded from Mitie’s existing facilities.
Mitie Spain has a workforce of 6,000 across the mainland, Canary and Balearic Islands.
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