Cleanzine: your weekly cleaning and hygiene industry newsletter 25th April 2024 Issue no. 1111
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ISS divests activities in Estonia
ISS hasdivested its activities in Estonia, as part of its long-term strategy of focusing on its core business in markets with significant future demand for integrated facility services and markets of importance for global Key Account customers. ISS will continue to support the global and regional key accounts in Estonia.
The buyers of the business in Estonia are Estonian and international private investors.
With the transfer of shares, all employees and customers will be transferred to the new owners on existing terms. In the near future, the new owners and ISS will work together to ensure business continuity for its customers and support ISS employees in making a smooth transition.
On 10 December 2018, ISS had announced its intention to divest activities and business in certain geographies to accelerate the transition towards key accounts.
18th July 2019