ISS acquires facility management provider Evantec from palero

ISS acquires faciliy management provider Evantec from paleroISS Facility Services Holding GmbH, a subsidiary of Danish ISS A/S, has acquired EVANTEC GmbH from private equity investor palero invest. Prior to the takeover by palero, EVANTEC was part of the E.ON group. With around 800 employees, the company generated around EUR 50mn sales in 2016 with technical, infrastructural and nuclear-related services.

This acquisition further strengthens the professional skills and management expertise of ISS in Germany in the field of technology. After winning Vattenfall’s Facility Management contract in 2014, the competence acquired with EVANTEC offers ISS very good opportunities for further development in the energy sector.

Consus Partner advised ISS on the acquisition. This constitutes our 12th completed transaction in the field of industrial services and our 4th transaction for ISS.