Mitie buys electrical contractor Rock

Mitie Group has acquired Rock Power Connections Limited in a deal worth up to £14.5m.
Rock specialises in installing the substations and cables which ultimately take the electricity from the power stations to the buildings where it is needed.
The company also has a growing EV charging installation division for non-residential blue-chip customers which will boost Mitie’s expansion plans in the market.The deal comprises an initial payment of £10m, with two deferred payments worth