ISS completes sale of Nordic damage control activities

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| Source: ISS A/S

Copenhagen, 2013-08-01 12:47 CEST (GLOBE NEWSWIRE) --

 

Today, ISS advises that it has completed the sale of the Nordic damage control activities in Norway, Denmark and Finland to funds advised by Agilitas Partners LLP, a pan-European mid-market private equity firm. The sale was announced 9 June 2013.

Henrik Langebæk, CFO for ISS Europe and Head of ISS Carve-Out, said:

“We are pleased that we have successfully closed the sale of our Nordic damage control activities. We have made this divestment as part of our continuing streamlining and strengthening of the activities which are core to our business platform. Agilitas is now the new owner of our Nordic damage control activities, and we have agreed a partnership whereby Agilitas will provide damage control services to our Integrated Facility Services customers where relevant.”

For ISS the divestment is a consequence of the strengthening of the strategic focus in the affected countries. The proceeds from the divestment will contribute to the continued deleverage of ISS by repaying outstanding debt.

The parties have agreed not to disclose the terms and conditions of the transaction.

 

For enquiries
Media: Kenth Kærhøg, Head of Group Communications, +45 38 17 62 05
Investors: Barbara Plucnar Jensen, Head of Group Treasury, +45 38 17 62 60

  

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 almost DKK 80 billion in 2012 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