ISS has entered Taiwan through acquisitions of two leading facility services companies in the Taiwanese market, "Topman" and "Fealty" with combined annual revenues of approx. DKK 200 million. Taiwan becomes the 48th country in the ISS
ISS has entered Taiwan through acquisitions of two leading facility services companies in the Taiwanese market, "Topman" and "Fealty" with combined annual revenues of approx. DKK 200 million. Taiwan becomes the 48th country in the ISS Group.
Copenhagen, 23 January 2007 - The ISS Group has announced that it has entered Taiwan through an acquisition of Taiwan's leading facility services and property management companies "Topman" and "Fealty Properties Management Co. Ltd." The acquisition includes two subsidiaries of Topman.
The two companies have total revenues of approx. DKK 200 million and currently around 2,000 employees.
COO Martin Gaarn Thomsen, who is responsible for Asia at the ISS Group said: "We have been looking towards expanding our geographical presence in Asia particularly in countries characterised by growth opportunities in the high end facility services market. In that respect, Taiwan is a very interesting market with exciting potential as the market is expected to develop and consolidate in the coming years, providing ISS with an opportunity to grow our business through organic growth and perhaps bolt-on acquisitions."
With offices in 10 cities in Taiwan, Topman will from the start ensure ISS coverage across all of Taiwan. Topman provides cleaning and security (guard and electronic surveillance) services to department stores, commercial properties, condominiums and hospitals. Topman has more than 20 years of experience in the industry.
Fealty is a younger company, founded in 2000, providing Facility Management (FM) and mechanical & engineering services. Fealty delivers its services to office buildings and residential condominiums. Fealty's largest customer is Taipei Metro Tower - a landmark building in the capital city of Taipei.
"By combining the services from Topman and Fealty, ISS will be able to offer current and future customers a broad range of services from the beginning - both as single services and a "package" of services, for commercial customers and large property owners. By combining the strengths of Topman and Fealty with ISS' international concepts, ISS Taiwan will be able to lead the market in all customer segments," said Gaarn Thomsen.
Taiwan becomes the 48th country in the ISS Group.
The Chairman and CEO of Topman, Dr. Kenneth Kao (57), who has 21 years of industry experience, has been appointed General Manager of the new ISS Taiwan.
Further Information:
Mr. Martin Gaarn Thomsen
COO, Asia, ISS A/S
Tel: +45 22 12 63 38