Facility management group B+N Referencia Zrt has recently completed a deal in Italy in a move designed to expand its presence in the local market.
Its Italian subsidiary, SAGAD has acquired the facilities management business of L'Alleanza Società Cooperativa, a Verona-based company.
L'Alleanza Società Cooperativa provides a range of services including cleaning, disinfection, landscape maintenance, and concierge services to corporate and institutional clients.
"The transaction provides an opportunity for both companies involved to leverage their strengths further, while SAGAD takes another important step towards increasing its share of the Italian facilities management market," said Vincenzo Elifani, CEO of SAGAD.
Ferenc Kis-Szölgyémi, CEO and owner of B+N Referencia Zrt., also commented on the deal: “The agreement signed on May 6 fits well into the B+N Group’s international growth strategy, which aims to become a key player in the facility management sector in Western Europe following its market-leading position in the
This strategic move will increase SAGAD’s annual turnover by more than €3 million and add 139 new employees to their team.
