ISS, a global leading facility services provider, has agreed to sell its Swiss subsidiary ISS Kanal Services AG to the London based private equity firm KLAR Partners.

ISS today announces another important milestone in the continued execution of its divestment program, announced as part of the OneISS strategy refresh. The purpose of the program is to further focus and simplify the business to support the overall execution of the group.

ISS Kanal Services AG is a leading Swiss company in the field of sewer maintenance, which is outside of ISS' four core services and considered non-strategic. The business was created through a number of acquisitions and has in recent years build a leading underground infrastructure maintenance platform, supported by new technology-driven innovations and a state-of-the-art fleet infrastructure.

ISS Kanal Services AG has around 280 employees and generated revenue of around DKK 320 million in 2020 (recognized as Con-tinued Operations in the Group). KLAR Partners focuses on investments in companies operating in the business services and light industrials, primarily in the Nordic, Benelux and DACH regions. The sale is expected to be completed during the second quarter of 2021.

ISS continues to target net proceeds of DKK 2 billion in total in 2021 and 2022 from its divestment program.

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 12 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 April 2021 10:12:51 UTC.