Friday 28 August 2020
Rekeep Group: 100% of ISS HS, a Polish subsidiary of the Danish international group ISS Global, acquired
This transaction is a part of a general consolidation of the Group’s catering activities in the hospital segment in Poland.
Rekeep recently acquired Polish company ISS HS Sp. Zoo, active in catering sector in the hospital segment, from the Danish international group ISS Global A/S, through its subsidiary Naprzod SA, leading company in the healthcare facility management sector in Poland.
This transaction is a part of a general consolidation of the Group’s catering activities in the hospital segment in Poland. It will enable substantial cost synergies to be obtained through structural rationalisation and will help the Group to penetrate new areas, with the possibility of further expansion.
ISS HS operates in the hospital catering services sector. It has about 160 staff and recorded Revenues of Euro 4.2 million.
“Also as a result of this latest transaction, Rekeep’s international growth gathers pace; notable results have already been seen in France and Turkey in addition to Poland itself. Now, with the acquisition of ISS HS, our Group will be able to penetrate new areas and, in addition, to obtaining substantial synergies. This is further confirmation of the strategy of geographic diversification by means of awards of contracts and local partnerships that has already led to the last quarter’s robust results.” – said Giuliano Di Bernardo, Chairman and Chief Executive Officer of Rekeep S.p.A.