Home / Business / ISS parts ways in Israel

ISS parts ways in Israel

Global facility services provider, ISS, has announced it has successfully divested its activities in Israel.

In line with ISS’s focus on Key Accounts, and as part of the ongoing strategic divestments programme, activities in Israel will be sold to two different buyers.

The inflight catering business will be sold to Newrest Group Holding S.A., a global provider of multi-sector catering, while the cleaning and catering businesses will be sold to T&M Protection Resources Holdings Israel Ltd, a local facility management company in Israel.

The transactions are subject to normal closing conditions in Israel, including antitrust clearance, and are expected to be finalised later this year.

The divested activities in Israel, which are classified as discontinued operations, generated DKK 1.7 billion in revenue in 2018.

ISS has said it will continue to support the Global Key Accounts in Israel.

About Sarah OBeirne

Avatar

Leave a Reply

Your email address will not be published. Required fields are marked *

*