Mitie acquires leading high voltage electrical engineering business

Mitie Group has entered into an agreement to acquire ESM Power, a leading high voltage electrical engineering business specialising in grid and power connections, for a maximum consideration of £8.5 million (comprising an initial payment of £5.5 million and performance-linked deferred payments of up to £3 million over two years). Completion is expected on 31 July 2024.
Based in Lincolnshire, ESM Power has 20 years of experience in the design, delivery and maintenance of high vo