Mitie Preferred Bidder For Rolls-Royce Euro FM

6th Jul 2010 11:17

LONDON (Dow Jones)--Mitie Group PLC (MTO.LN), a strategic outsourcing company, said Tuesday it has been given preferred bidder status by Rolls-Royce for the facilities and energy management of its European properties. MAIN FACTS: -Subject to contract, this will be Mitie's largest pan-European agreement; It will include facilities management, energy management and the delivery of services including engineering and fabric maintenance, security, cleaning, catering, waste management, document management, reception, pest control and emergency services. -Mitie will work closely with Rolls-Royce in support of its global property strategy, and will provide its property management team with asset and estate performance data from Mitie's integrated management information and data management platform. - The new pan-European agreement represents a significant increase in the scope of Mitie's existing U.K. facilities management contract. -Shares of Mitie at 1014 GMT up 5.4 pence or 2.6%, at 213.4 pence, valuing the company at GBP754.0 million. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires July 06, 2010 06:17 ET (10:17 GMT)