Strabag Building and Industrial Services GmbH has completed a merger with its parent company, Strabag Property and Facility Services (Strabag PFS). The company, which formerly traded as DIW Instandhaltung following the 2014 acquisition of the DIW Group by Strabag PFS and its rebranding to Strabag Building and Industrial Services in 2021. At the time of…
Merger
Workplace caterer, Blue Apple, has announced it is to join forces with independent caterer and Royal Warrant holder, CH&CO. The merger expands CH&CO’s workplace portfolio, strengthening its positioning in the marketplace. Blue Apple joins CH&CO alongside its existing workplace businesses Gather & Gather and Vacherin. Brian Allanson and Ruston Toms, co-founders of Blue Apple, will…
26.08.2021, 10:49 Private Equity Firms Support iOFFICE-SpaceIQ Merger A merger has been announced between workplace experience and asset management platform iOFFICE and global integrated workplace management system (IWMS) specialist SpaceIQ. The move follows technology private equity firm, Thoma Bravo’s July acquisition of a majority stake in iOFFICE and is being supported by minority investor Waud Capital Partners, as well…
19.07.2021, 20:28 Merger to Create US $7.5 Billion U.S. Retail REIT Kite Realty Group Trust and Retail Properties of America, Inc., have entered into a definitive merger agreement. Under the terms of the proposed merger, Retail Properties of America (RPAI) which owns and opertes 102 retail properties in the United States representing 19.9 million SF…
The Equity Commonwealth Real Estate Investment Trust and Monmouth Real Estate Investment Corporation have entered into a definitive merger agreement that will see the former acquire Monmouth in an all-share transaction valued at approximately US $3.4 billion including assumed debt. Under the terms of the agreement, Monmouth shareholders will receive 0.67 shares of Equity Commonwealth…
18.11.2020, 13:38 How Much More Will Flex Space Bend? Dan Zakai, CEO and co-founder of Tel Aviv-based Mindspace, considers the lasting legacy of Covid-19 on the global flex space market. It would not be an exaggeration to describe 2020 as the most turbulent year in recent history. The global economy is in a recession. The future…
03.11.2020, 13:33 COVID-19 Fuels Data Center Containment Market The global data center containment solution market which is currently estimated at US $500 annually is expected to surpass US $2 billion by 2030 in response to demand created by the Covid-19 pandemic according to a new study. Shifting patterns in response to the new coronavirus will…
07.07.2020, 11:49 COVID-19 Impacts Sodexo Fiscal Q3 Results Sodexo has reported a -29.9 per cent slide in organic revenue growth as a result of falling demand from the education sector during Covid-19, with its FM division reporting a more modest decline of just 2 per cent. Q3 Highlights Q3 Fiscal 2020 Group revenue was 3,910…
25.05.2020, 19:08 Asia Pacific Water Heater Market Graphical Research has published growth forecasts to 2026 for the commercial and residential electric water heater markets in Asia Pacific. The Asia Pacific Electric Water Heater Market report predicts an upwards trend in demand in response to on-going “mega grid” expansion projects and the rapid economization of the…
11.05.2020, 15:14 Merger Creates Global LiDAR Detection Leader CrowdVision has merged with U.S. LiDAR crowd motion detection and analytics leader, iinside, to form new entity, CrowdVision, Inc. The combined global company will be led by David Teed, CEO of CrowdVision, and headquartered in Los Angeles. The two companies will combine their people, presence,…
17.10.2019, 16:03 Ecolab “Reviewing” UK Competition Authority Decision Ecolab has announced it is reviewing the decision of the United Kingdom’s Competition and Markets Authority (CMA) to oppose its 2018 acquisition of Holchem on anti-competitive grounds. Commenting on the decision of the CMA to order Holchem’s divestment on the grounds the merger may result in a…
30.08.2019, 15:03 The Dos and Don’ts of Office Redesign Louise Coombs, design associate with Crown Workspace and founder of interior design consultancy, The Jones London, considers current and future trends in office redesign. Let’s face it, offices are like our second home. Many of us spend a large portion of our lives in one surrounded…
15.07.2019, 08:06 Banking on Corps Security Corps Security has won a three-plus-two-year integrated security contract to provide manned and event guarding, close protection and remote systems monitoring services for multinational French bank, BNP Paribas’ London locations. A team of more than forty will work across four sites in the capital, including three in the City…
13.02.2019, 10:04 Connect Group IFM Contract News wholesaling and mixed-freight distributor Connect Group has selected Mitie to consolidate over 100 local level agreements into a UK-wide integrated facilities management (IFM) contract. Connect Group was created by the demerger of the the news distribution arms of high street retailer, WHSmith. The five-year, £7.5 million contract award follows a…