News on 2 November 2000
ISS has acquired companies in
Sweden, Switzerland and Finland. The company bought Swedish Ägarfolket
AB, a cleaning and support service company with 730 employees, which is
expected to generate a turnover of £11m (DKK 140m) in 2000.
It also acquired Arega AG, a cleaning company located in Zürich,
Switzerland.
Arega AG has 365 employees and a turnover of £3m (DKK 39m). The
company's activities are mainly carried out within the daily office cleaning
and the food segment.
Moreover, ISS bought Finish Salon Lähiöpalvelu Ay and Salon
Tehdaspalvelu Oy. The companies have 13 employees and a turnover of £394,000
(DKK 5m).
ISS said the current management will continue in the companies and that
the acquisition will strengthen ISS' building maintenance operations in
the area.
All the acquisitions are subject to satisfactory due diligence and ISS
believes they will contribute positively to the group's EVA® (Economic
Value Added).
