Divestment reflects ISS’ strategy of focusing its service capabilities on meeting the needs of its target customers.
- ISS today divests its security activities in Finland; the divestment reflects ISS’ strategy of focusing its service capabilities on meeting the needs of its target customers
- Enterprise Value of DKK 261 million (EUR 35 million)
- Annual revenue of DKK 504 million (EUR 68 million), 1,100 employees (2015)
- The buyer is a buy-out fund managed by Intera Partners, a Finnish private equity firm; the new security company will become a strategic partner delivering security services to the customers of ISS Finland
ISS official press release on November 16, 2016
ISS, a global leading facility services provider, has agreed to sell its security services in Finland to the Finnish private equity firm Intera Partners. Following the divestment, ISS Finland will focus on developing and further growing its technical and support services, catering, cleaning, Facility Management activities, and in particular its Integrated Facility Services solutions to key account customers.
The security activities of ISS Finland has 1,100 employees, and generated an annual revenue of DKK 504 million (EUR 68 million) in 2015. It is one of the leading companies in Finland’s security industry.
As part of the transaction, the parties have agreed that the new security company – which is owned by a buy-out fund managed by Intera Partners – will become the preferred partner delivering security services to ISS Finland and its customers.
Troels Bjerg, Regional CEO of ISS Northern Europe, said:
"This divestment is an important part of the execution of The ISS Way strategy putting a sharper focus on our business activities and creating stronger alignment with our business platform. With the sale of the security activities of ISS Finland, our leadership in Finland, spearheaded by Country Manager Jukka Jäämaa, will be able to better focus on our Integrated Facility Services solutions to key account customers.”
“We are proud of having developed our security business in Finland to become one of the leading companies in the Finnish security industry. It is important to us that our employees and customers get the right partner to continue the successful development of the business going forward. With the sale to Intera Partners, all employees and customers transfer to the new owners. We would like to thank our talented colleagues for their contribution in recent years, and we are looking forward to a continued partnership."
ISS’ security business in the other Nordic countries is already managed through partners, which continuously invest in the development of their security business and in the implementation of the latest security technologies. ISS security activities in other markets will not be affected by this divestment.
Enterprise value of the security activities of ISS Finland is DKK 261 million (EUR 35 million). The transaction is subject to customary conditions, including approval by the Finnish competition authorities.