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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.

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Press
ISS acquires leading catering business in Chile

ISS acquires leading catering business in Chile

ISS has acquired Apunto, the fourth largest caterer in Chile, with an annual revenue of DKK 116 million in 2015

ISS, a global leading facility services provider, has acquired Apunto, which is focused on delivering catering solutions to key customers primarily in the area around the capital Santiago.

  • In line with the stated strategy ISS acquires Apunto, the fourth largest catering business in Chile
  • Annual revenue of DKK 116 million (2015)
  • Enterprise Value of DKK 67 million
  • The business has been operating in Chile for 25 years and has 700 employees who will all transfer to ISS
  • The acquisition supports ISS’ strategy by expanding the self-delivery catering capabilities in the Americas

Dan Ryan, Regional CEO for ISS Americas, said:

“ISS Chile is an excellent business with a good track record of both strong organic growth and margin. Integrated Facility Services accounts for 50% of revenue, but the service mix is weighted towards cleaning. This acquisition, will enhance our self-delivery capabilities in Chile and support our growth outlook.”

“Apunto is the perfect strategic match for ISS Chile, as we have no current catering business. The acquisition will allow for significant cross selling. ISS Chile currently sub-contracts catering services for 8 of its top 20 IFS customers, so we have some immediate synergies at hand.”

The enterprise value of Apunto is DKK 67 million. In 2015, revenue was DKK 116 million, and organic growth was 13%. The EBITA margin for Apunto is above the current ISS group average. The transaction will be funded through existing debt facilities. The transaction is final and unconditional.

ISS has been in Chile since 2004. In 2015, ISS Chile had 13,039 employees and generated a revenue of DKK 944 million.

For media enquiries
Kenth Kærhøg, Head of Group Communications, +45 38 17 62 05

For investor enquiries

Nicholas Ward, Head of Group Investor Relations, +45 38 17 62 51
Martin Kjær Hansen, Senior Investor Relations Manager, +45 38 17 64 31

Press contact

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Group Communications
Tel: +45 38 17 62 39
E-mail: press@iss.biz

About ISS

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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 480,000 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.