Mitie Acquires 8point8

Mitie has acquired 8point8, a leading provider of design and construction services in the UK, predominantly for mobile telecoms tower infrastructure.

The total consideration is £10million and the acquisition will be accretive to earnings and funded through existing facilities.

With the growing demands of the 5G rollout, network upgrades and passive infrastructure investment, Mitie's strategy is to build a leading Telecoms Support Services company, providing acquisition, design and construction (ADC) services, and maintenance to the mobile telecoms tower infrastructure sector. Following Mitie's recent acquisitions of DAEL Ventures UK and P2ML Limited, integrating 8point8 into its telecoms division will give Mitie greater capacity to self-deliver additional end-to-end services.


8point8 also includes two associated businesses, 8point8 Training – an industry leading training provider – and Vantage Solutions – a specialist contract lifting business. Together, these capabilities will provide Mitie with the opportunity to set the standard in health and safety for the industry whilst adding the capacity to increase self-delivery of critical services.

For the 12 months ended 31 December 2021, 8point8 generated combined revenues of £18.3m and profit before tax of £0.6m, with gross assets of £6.2m. Performance since 31 March 2021 has seen 8point8 make a strong recovery from the significant operational disruption associated with the COVID pandemic.