# Mitie Group acquires electrical engineering firm ESM Power for up to £8.5M

Mitie Group agreed to acquire ESM Power, a high voltage electrical engineering specialist, for a maximum consideration of £8.5 million. The deal is expected to complete by July 31, 2024.

- Type: Acquisition
- Announced: 2024-07-17
- Where: Lincolnshire, United Kingdom
- Value: $11.0M (8.50M GBP)
- Jobs: 60
- Status: announced
- Products: high voltage power connections, grid connections
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Mitie](https://endata.com/companies/37337.md) (acquirer)
- [ESM Power](https://endata.com/companies/78669.md) (target)

## Sources

- [cityam.com](https://www.cityam.com/mitie-shard-based-outsourcing-giant-swoops-for-electrical-engineering-firm-esm-power/), 2024-07-17: "The acquisition strengthens our position as a leading provider of power connections in the UK."
- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/mitie-group--mto/mitie-acquires-esm-power/8314954), 2024-07-17: "Mitie acquires ESM Power, a leading high voltage electrical engineering business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.