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New joint venture formed to meet growing UK self delivered FM

Building services engineering company, Lorne Stewart plc has announced a strategic partnership with Oltec Group, a UK soft services company, creating a joint venture to meet the growing demand for self delivered facilities management (FM) across the UK.

The combining of the two UK hard and soft service providers technical expertise, a global network of 30 offices and 2,800 personnel aims to provide customers with a more efficient, cost effective self-delivered model to both customers in the UK and overseas.

The new joint venture, has a combined turnover in excess of £300 million, enabling both Lorne Stewart and the Oltec Group to leverage its success with its current customer base, with global brands and to further extend UK and European relationships.

Olivier Cavaliere, Chief Executive Officer at Oltec Group, commented:

“As a leading global provider of M&E services, Lorne Stewart plc is the ideal partner to help spearhead our expansion into the UK and European market. We look forward to working hand-in-hand with Lorne Setwart PLC to bring the economic, technical, innovation and environmental benefits of our newly formed Join Venture to the UK and European Market.”

Paul Booth, operations director – facilities services , Lorne Stewart plc, said:

“This partnership will allow us to offer to our existing and new customers the opportunity to experience a truly integrated FM model but with the benefit of the expertise from specialist companies in their own field.

We have already successfully integrated our IT platform and will soon be bringing substantial savings to our joint Clients offering self-delivered and innovative solutions.“

Both companies are currently working in conjunction a large number of clients in the private and public sectors.

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