Copenhagen, 2014-02-28 11:28 CET (GLOBE NEWSWIRE) --
Today, ISS, a leading global facility services provider, advises that it has completed the sale of its landscaping activities in France to Chequers Capital which was initially announced in January 2014.
ISS acquired the landscaping activities in 2001 and developed ISS Espaces Verts into France’s leading landscaping provider, with nearly 2,500 employees and an annual turnover of DKK 2.1 billion (€ 278.0 million) in 2013.
Henrik Andersen, Group COO EMEA, commented:
“We are delighted that we have successfully completed this significant divestment. We had carefully considered our ownership of the landscaping activities in France and decided that these were not key to the execution of our strategy in this important market. As earlier announced, we intend to use the proceeds from this divestment to further support the deleveraging of ISS.”
ISS continues to be the largest foreign employer in France with more than 27,000 employees delivering cleaning, property, support and facility management services. ISS continues to invest in the local French activities, and ISS France plays an important part in the roll-out and delivery of ISS’ global corporate client contracts, including the Barclay’s contract, where ISS delivers facility services to the bank globally.
For media enquiries Kenth Kærhøg, Head of Group Communications, +45 38 17 62 05 Manuel Vigilius, Global Media Relations Manager, +45 38 17 64 04
For investor enquiries Barbara Plucnar Jensen, Head of Group Treasury, +45 38 17 62 60 Martin Kjær Hansen, Treasury Manager, +45 38 17 64 31
About ISS The ISS Group was founded in Copenhagen in 1901 and has grown to become one of the world’s leading Facility Services companies. ISS offers a wide range of services such as: Cleaning, Catering, Security, Property and Support Services as well as Facility Management. Global revenue amounted to DKK 78.5 billion in 2013 and ISS has more than 530,000 employees and local operations in more than 50 countries across Europe, Asia, North America, Latin America and Pacific, serving thousands of both public and private sector customers. For more information on the ISS Group , visit www.issworld.com .
ISS A/S, CVR 28 50 47 99, ISIN XS0253470644 ISS Global A/S, ISIN XS0206714247
