MITIE signs ground-breaking contract to provide integrated facilities management for Lloyds Banking Group
26 April 2012
MITIE Group PLC (“MITIE”), the FTSE250 strategic outsourcing and energy services company, has agreed a transformational partnership to deliver facilities management services for Lloyds Banking Group.
The contract, signed for a five year term, has a possible one year extension period, with an expected value of approximately £155 million per annum.
MITIE will be providing a complete range of facilities management services across the bank’s entire UK branch and office estate. Services to be delivered include catering, reception, engineering maintenance, cleaning, security, waste management, minor capital reactive works, office space management and a range of other services. MITIE will also manage utilities expenditure under the contract along with a comprehensive energy management and carbon emissions reduction plan.
This partnership demonstrates MITIE’s ability to deliver sustainable, innovative solutions that produce cost and carbon savings.
Ruby McGregor-Smith CBE, Chief Executive of MITIE Group PLC, said: “This partnership will deliver a new style of facilities outsourcing in the UK. It will be one of the biggest private sector facilities management contracts of its type and is a great example of two organisations working collaboratively.
“We are very excited to be building on our long relationship with Lloyds Banking Group and to be providing them with world-class outsourced and energy services in the coming years. We welcome the new team to MITIE.”
For further information, contact:
John Telling, Group Corporate Affairs Director
D: +44 20 3123 8673
M: +44 7979 701006
Erica Lockhart, Head of Investor Relations and External Affairs
D: +44 20 3123 8675
M: +44 7979 784488
To find out more about MITIE, click here.