Denmark’s ISS strikes deal for UK engineer

first_img Denmark’s ISS strikes deal for UK engineer Express KCS whatsapp ISS, a leading facility services provider, yesterday bought the UK, Ireland and European operations of British technical services company GS Hall.The deal values the business at £53m, including debt and a £6m earn-out to be paid in the first half of this year depending on the business’s financial performance. Denmark-based ISS has funded the transaction through its existing debt facilities.Established in 1895, GS Hall is focused on the UK mechanical and electrical services markets, specialising in the self-delivery of services to accounts in the business service & IT and retail & wholesale customer segments. “This is the right company in the right market at the right time for us,” said ISS group chief executive Jeff Gravenhorst. “This acquisition will strengthen our ability to meet the increasing demand for integrated facility solutions where technical services is an important and deciding component for the customer in choosing the right partner. Furthermore, the acquisition will enhance our offering in energy management which is an emerging demand from our customers.” Tuesday 20 January 2015 8:14 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap whatsapp Show Comments ▼ Share Tags: NULLlast_img