B+N Referencia Zrt’s Acquisition of Four ISS’ Subsidiaries

Noerr advised ISS on the divestment.

ISS, a global leading facility services provider, has entered into an agreement to divest its activities in four Eastern European markets to B+N Referencia Zrt.

The divestments are in line with ISS’s strategy to simplify and focus its business towards key account customers.

The divestment includes ISS’s main subsidiaries in the Czech Republic, Slovakia, Romania, and Hungary. The buyer is the large Hungarian facility management company B+N Referencia Zrt. ISS will continue to support and remain as a partner for our global key account customers present in the affected markets.

Founded in Copenhagen in 1901, the ISS Group is one of the world’s largest international facility services providers. With nearly 400,000 employees, it serves thousands of customers worldwide. In 2018, group announced plans to divest its business in 13 countries, including the operations subject of the current transaction, to achieve its goal: strengthened focus on key markets. The sale of ISS companies in Central and Eastern Europe is part of this process. The four major subsidiaries in the region generate a total turnover of EUR 70 million per year, with nearly 4 000 employees.

With the entry of B+N Reference Zrt into the market, ISS customers can be sure that the high-quality services of the past will be even further developed in the entire facility management portfolio.

The Noerr team was led by Barbara Kusak (Picture) and further included Akos Mates-Lanyi, Martin Tupek, Michal Janicek, Lucia Luptakova, Barbora Safarikova, Anezka Vecerova, Catalina Oancea, Adam Pichler and Ildiko Angeli.

Involved fees earner: Ildiko Angeli – Noerr; Michal Janicek – Noerr; Barbara Kusak – Noerr; Lucia Luptakova – Noerr; Akos Mates-Lanyi – Noerr; Catalina Oancea – Noerr; Adam Pichler – Noerr; Barbora Safarikova – Noerr; Martin Tupek – Noerr; Anezka Vecerova – Noerr;

Law Firms: Noerr;

Clients: ISS A/S;

Author: Federica Tiefenthaler