ISS Germany divests part of its cleaning business to Klüh Group
ISS A/S, a leading global provider of property & integrated facility services, has sold its subsidiary ISS
Facility Services GmbH to Klüh Group, based in Düsseldorf, Germany. The subsidiary operates nationwide and runs EUR 46 million in revenues, mainly with cleaning services (87% of revenues). It also offers catering and security services. Around 2,000 employees and 700 customers are affected by the disposal.
ISS chose to sell the business as part of its strategy to focus on key national and international accounts and integrated facility management services. The acquisition serves the growth strategy of the Klüh Group by increasing the buyer’s nationwide coverage and strengthening its core business.
Consus Partner advised the ISS Group throughout the transaction.