2019-08-13
ISS divests activities in Israel
ISS, a global leading facility services provider, has successfully divested its activities in Israel.
In line with ISS’s focus on Key Accounts, and as part of the ongoing strategic divestments programme, activities in Israel will be sold to two different buyers. The inflight catering business will be sold to Newrest Group Holding S.A., a global provider of multi-sector catering, while the cleaning and catering businesses will be sold to T&M Protection Resources Holdings Israel Ltd, a local Facility Management company in Israel.
The transactions are subject to normal closing conditions in Israel, including antitrust clearance, and are expected to be finalised later this year.
The divested activities in Israel, which are classified as discontinued operations, generated DKK 1.7 billion in revenue in 2018.
This is part of ISS’s strategy to focus on certain geographies in order to accelerate the transition and focus towards Key Accounts. ISS will continue to support the Global Key Accounts in Israel.
For media enquiries
Rajiv Arvind, Senior Communications Manager, +45 3817 6211
For investor enquiries
Martin Kjær Hansen, Head of Group Investor Relations, +45 3817 6431
Louisa Baruch Larsson, Senior Investor Relations Manager, +45 3817 6338
The transactions are subject to normal closing conditions in Israel, including antitrust clearance, and are expected to be finalised later this year.
The divested activities in Israel, which are classified as discontinued operations, generated DKK 1.7 billion in revenue in 2018.
This is part of ISS’s strategy to focus on certain geographies in order to accelerate the transition and focus towards Key Accounts. ISS will continue to support the Global Key Accounts in Israel.
For media enquiries
Rajiv Arvind, Senior Communications Manager, +45 3817 6211
For investor enquiries
Martin Kjær Hansen, Head of Group Investor Relations, +45 3817 6431
Louisa Baruch Larsson, Senior Investor Relations Manager, +45 3817 6338