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MITIE takes full control of SMI3rd of August 2011
MITIE Group, the outsourcing and building services company based in the UK, has acquired the remaining 50 per cent share of Service Management International (SMI) to take full control. It had already owned the other half of the business.
It acquired the remaining share from Klüh Service Management, based in Germany.
Founded in 2000, SMI has become an EMEA supply chain manager with the ability to co-ordinate global FM solutions.It employs 280,000 peple worldwide and currently manages and delivers 15 EMEA portfolio contracts for blue chip clients.
Ruby McGregor-Smith, chief executive at MITIE Group commented on the move: "We are delighted to have acquired SMI in full, as part of our strategy to develop MITIE's ability to support our clients overseas.
"SMI will remain part of MITIE's international strategy, targeted where its operational model has the greatest attraction for clients."