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Mitie Acquires Mobile Telecom Tower Builder 8point8.

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Vincent

MANews-(C)2009-2022

UK-based outsourcing and energy services company Mitie Group plc has acquired UK-based design and construction services provider 8point8 Support Ltd., 8point8 Training Ltd. and Vantage Solutions Ltd, which works predominantly in mobile telecoms tower infrastructure, the company said.

Total consideration is GBP 10m (USD 12.57m) and the acquisition will be accretive to earnings and funded through existing facilities.

With the growing demands of the 5G rollout, network upgrades and passive infrastructure investment, Mitie's strategy is to build a telecoms support services company, providing acquisition, design and construction services, and maintenance to the mobile telecoms tower infrastructure sector.

Following Mitie's recent acquisitions of DAEL Ventures UK and P2ML Ltd., integrating 8point8 into its telecoms division will give Mitie greater capacity to self-deliver additional end-to-end services.

8point8 also includes two...

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