Faceo expands in Netherlands and Germany

11 August 2008

Delft Facilities and Cegelec Anlagen join Faceo to boost its market position and its self-delivery capability for FM services in Europe .

Faceo has acquired Delft Facilities, Delft Communication Services and Delft Facilities Projects in The Netherlands, in a move that gives it a strategic position in the strongly growing Dutch FM market. The acquisition comes with a substantial order book and considerable opportunities for expansion in the future. Delft specialise in real estate services, technical management, procurement services, parks management & interim & project management.

This acquistion follows closely on the news that Faceo Germany has taken over Cegelec’s technical FM activities in Germany from Cegelec Anlagen which is based in Frankfurt. The service contracts extend primarily to Berlin and the surrounding area. Cegelec will continue to concentrate on its three main core businesses - Integrating Technological Solutions, Systems in Industry and Services (Global Maintenance), and will remain active in the area of industrial maintenance.

The main objective of the acquisition in Holland is to combine forces and establish a stable position in the Dutch market thus extending Faceo SA functions throughout Europe therefore further extending Faceo’s self delivery capability across Europe. With the takeover of Cegelec Anlagen, Faceo has expanded its presence in Berlin and significantly strengthened its technical competences at the same time. This investment in Germany is another important step which continues to see rapid international strategic growth for the Faceo Group.