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We operate in more than 50 countries around the world. If your country is not on the list, please refer to our global contacts.

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Global contacts

We operate in more than 50 countries around the world. If your country is not on the list, please refer to our global contacts.

View contacts
Global contacts

We operate in more than 50 countries around the world. If your country is not on the list, please refer to our global contacts.

View contacts
Global contacts

We operate in more than 50 countries around the world. If your country is not on the list, please refer to our global contacts.

View contacts
Press
The ISS Group has acquired 100 % ownership of Australian Tempo Services Ltd. The acquisition adds more than 20,000 employees to the Group's global workforce and makes ISS one of Australia's leading facility services providers.

14-02-2006

ISS Completes Largest Acquisition in Five Years / Press releases 2006 - ISS
The ISS Group has acquired 100 % ownership of Australian Tempo Services Ltd. The acquisition adds more than 20,000 employees to the Group's global workforce and makes ISS one of Australia's leading facility services providers.


Copenhagen, 14 February 2006 - The ISS Group has announced that it now owns 100 % of the shares in Tempo Services Limited, after acquiring the 51 % shareholding previously owned by DB Capital Partners.

"The acquisition of Tempo Services is the largest ISS has made in five years. This will give ISS immediate critical mass and national coverage in Australia and establish ISS as an important integrated facility services provider in the Australian market. It will also further our vision of becoming the global leader in facility services", said ISS CEO Eric Rylberg.

Following the acquisition, ISS will be an important provider in Australia's facility services industry with approximate annual revenue of more than A$700 million and 21,000 employees. Tempo businesses will be re-branded ISS.

Tempo Services Ltd. provides a wide range of services including cleaning, catering, property service and security. Tempo delivers services to three out of every four of Australia's top 100 companies, as well as government organisations, schools, hospitals, shopping centres and airports. It is one of the leading providers of cleaning services to the NSW Education Department and of security services to the Australian aviation and maritime sectors. Founded in 1955, Tempo has grown to be one of Australia's top twenty employers. The ISS Group is rated among Europe's ten largest private employers.

"Tempo's capabilities widen and strengthen ISS' existing service offerings considerably, as well as significantly increasing our revenue and number of employees in Australia", said Eric Rylberg.

In 2004, ISS was invited by DB Capital Partners to invest in Tempo Services through Pacific Service Solutions and to take the company private. Since April 2005, ISS has held 49 % of the shares in Tempo, and has now acquired the entire company to move to the forefront of the Australian facility services market.

The acquisition is subject to approval by Australian government authorities.


Further information:

Mr. Eric Rylberg
CEO
ISS Management A/S
Tel: +45 38 17 00 00

Mr. Anders Krogenberg Knoth
VP, Corporate Communication
ISS Management A/S
Tel: + 45 38 17 62 41