UPDATE 3-Mitie buys Dalkia's UK arm, raises 43 mln stg

* Buys Dalkia's UK unit to boost facilities management arm

* Expects to save 6 mln stg/yr by March 2011

* Raises 43 mln stg through share placing

* Shares 0.6 pct up at 235.5 pence at 1400 GMT

(Adds placing info, analyst comment, updates shares)

By Rhys Jones

LONDON, Aug 12 (Reuters) - UK maintenance firm Mitie (MTO.L) said it had acquired the British arm of Dalkia, the outsourcing group owned by France's EDF (EDF.PA) and Veolia for 130 million pounds ($214 million), and had raised 43 million pounds through a share placing.

Mitie, which cleans the Tower of London and supplies attendants to the Tate Britain art gallery, said it had acquired Dalkia Technical Facilities Management (DTFM) to boost the reach and depth of its own facilities management arm.

Mitie said it had initially paid 120 million pounds in cash for the group, funded by its existing bank facilities.

"The transaction brings together Mitie's facilities management services and Dalkia's technical facilities management capabilities and strengthens our platform for sustainable profitable growth" the company said in a statement.

Mitie also said it had raised around 43 million pounds through the fully underwritten placing of 19 million shares at 225 pence each.

Proceeds from the placing, which represented some 6 percent of Mitie's issued share capital, will be used partly to repay the debt drawn down to make the DTFM acquisition.

"We have used the acquisition as an opportunity to issue new shares, which will raise funds to reduce the group's indebtedness. Our target is to have no more debt than 1.5 times earnings before interest, taxes and depreciation and amortisation (EBITDA) and we are currently on around 0.8 times EBITDA," the company told analysts on a conference call.

Mitie's EBITDA was 96 million pounds for the year to the end of March 2009, while it had net funds of 10.9 million pounds and banking facilities of 230 million pounds in place at the year-end.

Mitie said DTFM would post EBITDA of 12.3 million pounds on sales of around 261 million pounds for 2009/10.

Mitie, which is the largest provider of facilities management services to UK schools, said the acquisition would save it 6 million pounds annually in cross selling and cost synergies and would be earnings enhancing by March 2011.

"We believe that this is a very good acquisition, which will boost earnings by 9 percent in its first full year," said Investec analyst Robert Morton, who held his "buy" rating.

DTFM comprises Dalkia's UK commercial and retail units, which outsource facilities and energy management to clients including the Bank of Ireland and fashion chain New Look.

Shares in Mitie, which have risen in value by 12 percent over the last month, were 0.7 percent up at 235.5 pence at 1400 GMT. ($1=.6084 Pound) (Editing by Matt Scuffham and Mariam Karouny)