MITIE pleased with acquisitions

30th Mar 2010 07:57

Recent acquisitions by outsourcing and asset management firm MITIE Group are making an 'excellent contribution', keeping the company on track to meet full year expectations.'Our recently acquired businesses of Dalkia Technical FM (DTFM) and EPS are trading well and in line with the board's expectations, and their integration into MITIE is on track to deliver the expected synergies,' the group said in a pre-close statement ahead of the announcement of its full year results on 17 May.The company said it is continuing to win and retain new work across a spectrum of sectors, with good growth seen in it Facilities Management division.As previously reported, the Asset Management and Property Management businesses continue to suffer delays in the start of some secured and prospective project work.The group is seeing new opportunities develop in both the private and public sectors but said that 'the timing of some public sector opportunities remains difficult to estimate.'The order book is improving, while the balance sheet remains strong, offering the group scope to make further acquisitions should the opportunity arise.