by Brianna Crandall — October 19, 2011—Global security and integrated facilities services providers G4S and ISS announced on October 17 that G2S has acquired ISS for around £5.2 billion or DKK 130 per share. The combined group will have more than 1 million employees in more than 130 countries and combined revenue of £15.9 billion in 2010, reportedly second only to Walmart in the private sector for the number of employees. Around 25% of the combined revenue of the group will come from fast-growing emerging economies.
Together, ISS and G4S will be able to accelerate the provision of facilities services building on both companies’ significant global expertise in the form of single-service, “bundled” services and facility services. The combined group expects significant growth opportunities and synergies to be achieved in the coming years.
The combined group will be headed by G4S’ CEO and CFO. On completion, ISS’ current CEO Jeff Gravenhorst will join the G4S board of directors and will head up the combined European operations as Chief Operating Officer and Regional CEO Europe.
Danish-based ISS offers integrated facilities services on an international scale in the areas of facilities management as well as cleaning, support, property, catering and security services. The company has 520,000 employees in over 50 countries, serving thousands of both public and private sector customers.
U.K.-based G4S, reportedly the world’s largest security company measured by revenues, employs more than 625,000 employees. It provides a variety of security-related services to both the public and private sectors, with operations in over 125 countries.
