CM – Mitie agrees to sell its £ 40 million document management business

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( Alliance News) – Mitie Group PLC announced on Monday that it would sell its document management business for GBP 40 million.

Swiss Post Solutions AG bought Mitie Document Management debt-free and cashless. The transaction is expected to close by the end of September, subject to a consultation process with Mitie Document Management employees.

Mitie is a Glasgow-based outsourcing and energy services company, while its document management arm manages documents throughout their lifecycle and helps companies organize and reach their files.

After the transaction is complete, Mitie will continue to offer document management as part of a supplier partnership with Zurich-based Swiss Post Solutions.

« The merger with Swiss Post Solutions will allow the document management business to continue to grow and prosper Mitie can focus on our technology-driven science of service strategy in our core areas, « said Chief Executive Phil Bentley.

 » I would like to thank the document management team for their contribution to the group and we look forward to working with SPS to work together to bring new innovations to our existing and future integrated facility management customers. « 

Mitie’s shares rose 0.8% to 71.80 pence on Monday morning trading in London.

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