AIM-listed Mortice acquires Delhi-based facilities management Co
01/07/2009
Mortice Ltd, the AIM listed security and facilities management company, has acquired Delhi-based Rotopower Projects Pvt Ltd for Rs 10 crore. The acquisition of the facilities management firm has been done by its subsidiary Tenon Property Services Pvt Ltd after making adjustment for debts and sufficient working capital.Rotopower, a 12 year old company, employs over 1,600 people and services over 75 clients across 15 states in India. The firm provides services like mechanical and electrical maintenance services, annual maintenance contracts and housekeeping services to a wide range of customers.
The Hindu
New Delhi (PTI) Facility management
01/05/2009
New Delhi (PTI) Facility management service provider Tenon is looking at acquisitions worth Rs 300 crore to expand its presence across India over the next two years. Tenon provides facility management services like security, building maintenance, logistics and engineering solutions under a single brand.
The Economic Times
TVS Capital to invest Rs 35 cr in facility management co
01/11/2009
Barely a week after investing Rs 65 crore in well-known book retail chain Landmark, TVS Shriram Growth Fund I has taken a 37% equity stake in Bangalore-based Dusters Hospitality Services with a Rs 25-crore fund infusion — the first tranche from the committed sum of Rs 35 crore. Promoted by Shamsher Puri, Dusters has its footprints across six cities in the south and earned revenues of Rs 70 crore last fiscal. Total Solutions — another hospitality firm run by his brother Jasmer Puri in Mumbai — is set to merge with Dusters. Apart from operational and business development support, the exposure to TVS Capital Funds is meant to propel the "native entity" into one of the top five companies in the highly-fragmented facility management sector. By offering a bouquet of soft and hard services, the objective is to increase the wallet share with client, Mr Shamsher Puri said.
Altus
Market Watch
Altus Group Announces Intent to Acquire Certain Assets of Australia-Based Page Kirkland Group
01/11/2008
Altus Group is the leading multidisciplinary provider of independent real estate consulting and professional advisory services worldwide.Page Kirkland is a multi-disciplined property consultancy with approximately 400 employees, including a broad representation in Asia Pacific and the United Arab Emirates. Specific services offered include cost management/quantity surveying, project management services, asset and facilities management and development management.
Cognito
PR Newswire
Cognito, the mobile workforce management company, today announced a deal with GSH Group plc, an international provider of technology driven energy and facilities management solutions.
01/11/2008
Cognito, the mobile workforce management company, today announced a deal with GSH Group plc, an international provider of technology driven energy and facilities management solutions.
Sodexo
Times of India
Nayak to be new Sodexo-RKHS entity CEO
01/03/2009
French major Sodexo plans to consolidate its Indian operations by merging Radhakrishna Hospitality Services (RKHS) with its wholly-owned Indian subsidiary dealing in food and FM.RKHS will be merged with Sodexo India. For this, the company plans to set up an integration team, with a steering committee to be headed by Sunil Nayak, current RKHS CEO, and Coleou. Nayak is slated to be the CEO of the new entity, while Raju Shete, promoter of RKHS, will be the non-executive chairman of the combined entity. The combined entity will have a turnover of E115 million in India. The company expects the food and facilities management business to grow at 25% annually. With this acquisition, Sodexo significantly reinforces its position and takes clear market leadership in India, a country with the second largest population in the world and which offers considerable future growth potential. With this acquisition, Sodexo significantly reinforces its position and takes clear market leadership in India, a country with the second largest population in the world and which offers considerable future growth potential.
Sodexo
The Economic Times
Sodexo set to gobble up RKHS in Rs 520-cr deal
01/03/2009
Sodexo is acquiring Radhakrishna Hospitality Services Group (RKHS), India’s pioneer in the food and facilities management sector, in a transaction valued at over $100 million.The transaction gives Sodexo a big leap over its international peers Compass and Aramak in a significant emerging market like India. RKHS, with about 20,000 employees across 22 states, reported $84 million revenues during the financial year ended March 2008.
