Savills today announced that it has completed a deal giving it full ownership of facilities management company Trigon Limited.
Trigon was formed in 1990 as a joint venture between property specialist Savills and hotel and catering services company Castle View to take advantage of new market opportunities. Since then, the company has successfully established itself as a significant player in FM. Castle View, which received £2.5M in cash for its 50% holding, has decided to concentrate on its own core business.
"This acquisition reflects Savills' confidence and Trigon's potential," said managing director Richard Buckley.
It may also be the start of a re-positioning that will enable Trigon to compete for the biggest opportunities in the marketplace. "We are interested in establishing a strategic relationship with a partner who can add value by providing the financial resources for major outsourcing transactions," Buckley added.
