Atalian Servest has signed a sales agreement with MBO & Co (formerly MBO Partenaires), for the purchase of its landscaping division.
In a deal worth €34 million (£29.4 million) on an enterprise basis, the global facilities service provider’s landscaping business, Atalian Espaces Verts, achieved a turnover of €73 million (£63.2 million) in France in 2018, representing 2.7 per cent of the Atalian Servest group’s turnover.
This divestment forms part of Atalian Servest’s ambition to refocus on its core businesses.
The Atalian Servest group stated: “This transaction is in line with the strategy we have announced to the market. It clearly indicates the desire to implement the commitments made, while ensuring the future development of the landscaping division.”
The closing of the transaction is subject to the approval of the merger control authorities.