The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

ISS Acquires Livit FM Services AG

ISS Acquires Livit FM Services AG
28 October 2022

ISS has announced its acquisition of Livit FM Services AG in Switzerland from its parent company Livit AG.

Expected to complete in Q1 2023, the deal will expand ISS’ cleaning and technical services delivery in Switzerland. Livit FM Services AG is owned by Livit AG, which is a subsidiary of Swiss Life insurance group.  Livit FM Services AG looks after a large proportion of the insurer Swiss Life’s properties in Switzerland.

Over 670 Livit FM Services AG  employees and key account contracts will move over to ISS Switzerland, representing around 0.5 per cent of ISS Group revenue. No sale price for the transaction has been disclosed

André Nauer, CEO of ISS Switzerland, said: “With the acquisition, we strengthen our position with a service enterprise of outstanding high quality, offering ISS Switzerland an opportunity to enhance our market position in the long term.

"Livit FM Services AG is a well-established provider of professional facility services and, like ISS, has a presence throughout Switzerland. With their know-how, the experienced and extraordinarily well-trained employees of Livit FM Services AG will assist us considerably in creating significant added value for our clients.”

Celia Liu, CEO of ISS Central and Southern Europe, added: “This transaction will help us grow in a key market for ISS within a prioritised segment. As part of our OneISS strategy, we are only considering acquiring businesses that align well with our strategy and where we see a natural fit to our existing business. The acquisition of Livit FM Services AG is a perfect match for us and will contribute to the continuous value creation in Switzerland.”

Picture: a photograph of ISS’ Swiss headquarters. Image Credit: ISS

Article written by Ella Tansley | Published 28 October 2022


Related Articles

ISS to Sell Rainbow International Business

ISS is to sell its specialist franchised B2C restoration business Spectrum Franchising Limited (Rainbow International) and its parent company in the UK. The...

 Read Full Article
Virgin Media O2 Extends FM Contract With ISS

ISS UK & Ireland’s facilities management contract with Virgin Media O2 has been extended. The total facilities management contract spans the entirety of...

 Read Full Article
10 Ways Workplaces Can Save Energy

Ulla Riber, Head of Group Workplace Management at ISS, looks at energy management in workspaces through the lens of employee morale and wellbeing. Ulla is supporting...

 Read Full Article
Property Consultancy Rapleys Acquires Asset Management Firm Aston Rose

Rapleys has brought London surveying firm Aston Rose into its business, the biggest single expansion in the property advisory’s 72-year history. Aston Rose will...

 Read Full Article
Nirvana Group Holdings Acquires Nirvana Maintenance and Urban Maintenance Group

Nirvana Group Holdings (NGH) has acquired Nirvana Maintenance and Urban Maintenance Group, to continue its expansion into the North West. Nirvana Maintenance provides...

 Read Full Article
ISS Signs 2-Year Contract Extension with Warwick Hospital

Warwick Hospital has agreed on an extension to its five-year full FM contract with ISS UK and Ireland. The renewed contract, valued at £7.8 million, includes...

 Read Full Article
CHAS Acquired by Veriforce

CHAS 2013 Ltd, the provider of compliance and risk management solutions, is to be acquired by supply chain risk company Veriforce for an undisclosed fee. Established...

 Read Full Article
Imtech Sells Irish Subsidiary Suir Engineering

Imtech has signed an agreement to sell Suir Engineering to private equity investor Duke Street. Technical services provider Imtech, which is jointly owned by Dalkia...

 Read Full Article
ISS’ Matthew Dean Secures Worshipful Company of Environmental Cleaners Award

Matthew Dean, Product Development Manager at ISS, has been awarded the Chartered Practitioner Award from the Worshipful Company of Environmental Cleaners. The accolade...

 Read Full Article
Cleanology Acquires TC Bibby

Commercial cleaning firm Cleanology has acquired one of the biggest cleaning contractors in the North West, TC Bibby & Sons. Based in Wigan, TC Bibby & Sons...

 Read Full Article