ISS A/S : divests activities in four Eastern European markets
March 31, 2021 at 07:06 am EDT
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ISS, a global leading facility services provider, has entered into an agreement to divest its activities in four Eastern European markets to B+N Referencia Zrt.
The divestments are in line with ISS's strategy to simplify and focus its business towards key account customers.
The divestment includes ISS's main subsidiaries in the Czech Republic, Slovakia, Romania, and Hungary. The buyer is the large Hungarian facility management company B+N Referencia Zrt. ISS will continue to support and remain as a partner for our global key account customers present in the affected markets.
Transfer of the ownership will take effect immediately upon signing of the agreement, except for the sale of ISS Hungary which is subject to customary antitrust approval and expected to close within the second quarter of 2021. The approximately 4000 employees currently working in the four country operations in scope will maintain their contractual rights in connection with the sale.
The four subsidiaries represent an annual turnover of just above DKK 500 mill.
For investor enquiries
Michael Bjergby, Head of Group Investor Relations, +45 31 37 41 71
Louisa Baruch Larsson, Senior Investor Relations Manager, +45 38 17 63 38
For media enquiries
Kenni Leth, Head of Global PR & Media Relations, +45 51 71 43 68
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ISS A/S published this content on 31 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 March 2021 11:05:03 UTC.
ISS A/S is one of the world's leaders in general services to companies and communities. The activity is organized around 6 areas:
- cleaning services: to administrative premises, schools, hotels, health facilities, industrial companies, etc.;
- building technical maintenance and landscape development services (20%). The group also develops rat and insect extermination products distribution activity;
- catering services;
- support services: distribution and management of mails, logistics services, etc.;
- security services: building gardening and security services, alarm and access control systems installation, etc.;
- professional and industrial premises management and development.
Net sales are distributed geographically as follows: Denmark (3.8%), the United Kingdom and Ireland (13.5%), the United States and Canada (8.9%), Switzerland (8.1%), Germany (7.5%), Australia and New Zealand (6.5%), Turkey (6.1%), Spain (5.7%) and other (39.9%).