ISS has acquired Apunto, the fourth largest caterer in Chile which is focused on delivering catering solutions to key customers primarily in the area around the capital Santiago.
The business which saw an annual revenue of DKK 116 million (£13.8 million) in 2015, has been operating in Chile for 25 years, and has 700 employees who will all transfer to ISS.
The acquisition supports ISS’ strategy to expand self-delivering catering capabilities in the Americas.
Dan Ryan, regional CEO for ISS Americas, said:
“ISS Chile is an excellent business with a good track record of both strong organic growth and margin. Integrated Facility Services accounts for 50 per cent of revenue, but the service mix is weighted towards cleaning. This acquisition, will enhance our self-delivery capabilities in Chile and support our growth outlook.
“Apunto is the perfect strategic match for ISS Chile, as we have no current catering business. The acquisition will allow for significant cross selling. ISS Chile currently sub-contracts catering services for eight of its top 20 IFS customers, so we have some immediate synergies at hand.”
ISS has been in Chile since 2004. In 2015 it employed 13,039 people and generated a revenue of DKK 944 million (£112.6 million).