ISS and Vattenfall sign 7-year Vested partnership

After working together since 2006, Vattenfall and ISS today signed an official Vested agreement across the Nordic countries, formalizing the outcome-based approach to collaboration, cost leadership and sustainability at Vattenfall’s 250+ sites across Sweden as well as Denmark, and Finland. Through this close partnership model, the two companies together aim to provide more productive, cost efficient, attractive and sustainable facilities and workplaces that support Vattenfall’s vision in becoming fossil-free within one generation.
 

Vattenfall will become a Global Corporate Client of ISS, and under the terms of the agreement, will benefit from ISS Group’s global scale, with support from ISS Global Operational Excellence and its key account-focused concepts, tools and technology. ISS will deliver 25 soft, hard and specialised nuclear services, including waste management, property maintenance, and catering. The 7-year agreement comes into force on 1 January 2019 and is worth around SEK 5bn over 7 years.
 

Jeff Gravenhorst, ISS Group CEO, said: 

“Our long-term relationship with Vattenfall, now evolving into a new phase, exemplifies the strength of our key account-focused strategy and this Vested agreement showcases how we can bring real value to customers: in mutually beneficial partnerships where together we can drive innovation, sustainability and employee wellbeing – with a positive impact on society as a result. I look forward to the close collaboration ahead.”

Magnus Hall, CEO of Vattenfall, said:

“Through this partnership with ISS, we can keep focus on our core business within Vattenfall and continue our journey towards fossil free living within one generation. We can adapt more quickly to the outside world's requirements and reduce our costs. ISS will contribute with what they know best – real estate and facility management services – supporting us in setting the highest standards for our own work.”

Kate Vitasek, founder of the Vested methodology and Lead Researcher at the University of Tennessee, said:

 

“Both Vattenfall and ISS are at the forefront of the market when it comes to understanding the need to transform how they do business together, and with this officially certified Vested deal, they have created a highly flexible win-win contract that will sustain the companies into the next generation of outsourcing.” 

 

For media enquiries 

Mathias Black, ISS Group Communications Manager, +45 38 17 63 08

Anders Fridell, Press Contact, ISS Sweden, +46 734 36 68 08

 

For investor enquiries
Martin Kjær Hansen, Head of Group Investor Relations, +45 3817 6431

Louisa Grue Baruch, Senior Investor Relations Manager, +45 3817 6338

Vattenfall is one of Europe’s largest producers and retailers of electricity and heat. Its main markets are Sweden, Germany, the Netherlands, Denmark, and the UK and the Group has approximately 20,000 employees. The Parent Company, Vattenfall AB, is 100% owned by the Swedish state.

 

Vested is a business model that creates highly collaborative business relationships that enable true win-win relationships in which both parties are equally committed to each other’s success. Vested is based on award-winning research conducted by the University of Tennessee College of Business Administration and funded by the U.S. Air Force. Read more about Vested: www.servicefutures.com/vested-outsourcing-next-big-thing.

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 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. For more information, visit www.issworld.com.