RNS Number:0688N
MITIE Group PLC
02 July 2003


                           MITIE Group PLC ("MITIE")


                     Acquisition of Trident Safeguards Ltd


Strategic move in Security.


MITIE is pleased to announce that it has acquired Trident Safeguards Ltd
("Trident").  The consideration comprises an initial cash payment of #8.2
million on completion with additional consideration according to future
profitability payable in cash and bank guaranteed loan notes.


The additional consideration is split as follows:

   *#1 million payable on or around the first anniversary of the acquisition
    if an agreed profit threshold for the year ended 31 March 2004 is met
   *#2 million payable at any time between 2006 and 2010 if a second agreed
    profit threshold is met
   *If this second profit threshold is exceeded then an additional amount
    will become payable, with the total consideration for Trident capped at #20
    million.


With current turnover of #23.4 million, Trident is one of the South East's
leading security providers and lists amongst its prestigious clients a number of
the City's leading financial institutions, many London museums and galleries and
the Tower of London. At 31 March 2003, Trident had net assets of #933,477 and
pre-tax profits for the year then ending of #811,679.


Welcoming Trident to MITIE, Chief Executive, Ian Stewart said, "I am delighted
that Trident will be joining MITIE. This is an important step in our development
with many of our existing clients looking to us to provide a quality security
service. Trident provides that quality and is a good strategic fit within the
Group that will help us provide a broader package of integrated services. It
shares our philosophies of putting the customer first and looking to develop
long term relationships with its clients.  Looking after its existing clients
will be our first priority."


Jim O'Hara, the founder of Trident, will remain with the business as Chairman of
Trident.  John Wright, who will continue in his role as Managing Director of
Trident, said, "The team and I are excited to be joining MITIE. This will enable
us to develop the business within the motivational and supportive environment
that MITIE provides."



2 July 2003



For further information, contact;

Ian Stewart, Chief Executive           Tel: 01934 862006  Mob: 07979 701002

John Telling, Corporate Affairs        Tel: 020 7407 0094 Mob: 07979 701006


Notes to Editor

MITIE Group PLC provides Building and Support Services to building owners and
occupiers within the public, private, and commercial sectors. The services
provided are resourced internally; MITIE currently employs more than 23,000
people.

MITIE, Management Incentive Through Investment Equity, means that the management
and staff own a significant proportion of the company.

A 'pioneer' of the business services and outsourcing trend, MITIE has built a
reputation for motivated employees, growth and entrepreneurial spirit.

MITIE is organised into two Divisions: Building Services and Support Services.

Building Services is made up of Engineering Services, Property Services and
Access Systems.

The Support Services Division consists of Engineering Maintenance, Cleaning,
Catering, Security, Managed Services and Business Services.








                      This information is provided by RNS
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