2018-09-10
ISS to divest non-core cleaning portfolio in the Netherlands
ISS, a global leading facility services provider, has reached an agreement to divest non-core single-service cleaning portfolio in the Netherlands to Dutch cleaning company CSU.
The divestment concerns approximately 70 Dutch customers and, pending approval from the Netherlands Authority of Consumer and Markets (ACM), will see the transfer of around 2,200 employees to CSU.
Kees Stroomer, Country Manager, ISS Netherlands, says:
“The divestment of this single-service cleaning customer portfolio is in line with our strategy of focusing on large national and international key account customers and on creating value through integrated facility management solutions to these customers.”
In CSU, ISS found a high-quality and reliable partner with national coverage in the Netherlands. As one of the largest cleaning companies in the Netherlands, CSU is well-known and a respected market operator with experience in integrating activities from acquisitions, ensuring continuity for customers as well as employees. As an example, CSU successfully integrated a number of SME cleaning customers from ISS at the end of last year.
The transaction remains subject to approval from the Netherlands Authority for Consumers and Markets (ACM) and is expected to close November 2018.
For investor enquiries
Martin Kjær Hansen, Head of Group Investor Relations, +45 3817 6431
Louisa Grue Baruch, Senior Investor Relations Manager, +45 3817 6338
For media enquiries
Marcel Kalmeijer, ISS Netherlands Communication Manager, +31 30 242 4344
Lena Stennicke, Group Communications Director, +45 38 17 65 03
Erwin Vos, CSU Communication Manager +31 413-285145
About ISS Facility Services
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 79.9 billion in 2017 and ISS has more than 488,000 employees and activities in more than 70 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.qa.issworld.com.
About CSU
CSU is a national cleaning company operating from a number of branches across the Netherlands. The company’s main branches are located in Uden, Amsterdam, Apeldoorn, Eindhoven, Rijswijk and Barendrecht. CSU employs 14,000 people and is among the top 3 cleaning companies in the Netherlands. Further information can be found at www.csu.nl