Home Page  |  Site Map  |  Articles 
Print This Post Print This Post     

ISS Increases Presence in the US with Acquisition of BGM Industries

Copenhagen, 6 March 2008 – ISS, the Facility Services group, announced earlier today that it had agreed to acquire US company BGM Industries.

BGM Industries provides cleaning, property services and security and generated 2007 revenue of about DKK 500m.

“The acquisition of BGM Industries is consistent with our strategic goal of expanding our presence in the United States. The deal will expand our geographical coverage in the Mid-West, strengthen our existing service offering and our market position for security as well as adding new capabilities for cleaning services in airports,” said ISS Group CEO Jørgen Lindegaard.

Lindegaard also expects that through the expanded US platform, ISS will gain access to larger, national and international contracts that require ISS to have a nation-wide US presence.

BGM Industries has more than 30 years of experience in property services and security, but has strongly expanded its service offering, and today, cleaning services is the company’s largest business area. Customers include the Denver and Salt Lake City airports. BGM has generated substantial organic growth during the last four years.

ISS established a presence in the US market when it acquired Sanitors Inc. in June of last year as part of its strategy to be a global leader in Facility Services. Following the acquisition of BGM, ISS will have US-driven revenue of DKK 2.5bn and about 14,000 employees.

The transaction to buy BGM Industries is expected to close at the end of March 2008.

Leave a Reply

You must be logged in to post a comment.

  Home  |  Site Map © 1996-2011 The Potomac Company. All rights reserved. Legal  |  Contact Us  

Powered by Webucast