20 January 2015
ISS UK has bought GSH Group's UK and European operation to enhance its technical services capability.
ISS said the purchase of GSH was a strategic move to create a team of more than 1,800 technicians, giving greater breadth of coverage and service.
GSH UK, Ireland and Europe provides energy and technical mechanical and engineering services. ISS UK provides services including facilities management, engineering, catering, cleaning, food and hospitality, front of house, security, waste, projects and landscaping.
Richard Sykes, ISS UK and Ireland chief executive, said: "This is a strategic acquisition by ISS and will further enhance our technical capabilities both in the UK and by acting as a springboard to enhance our European expertise. At the same time it creates a market-leading business in its own right. Our business has been extremely successful in growing our integrated solutions offering to our customers and this acquisition strengthens this solution even further."
Clive Clarke, UK, Ireland managing director of GSH, said the deal was a perfect fit.
"It will boost our technical engineering self-delivery within specialist hard services and total facility management contracts," he said.
GSH's annual turnover is approximately £72 million and the enterprise value of the acquisition is £53 million.