Apleona acquires Siemens' technical FM arm in Austria

Financial details were not disclosed.

Based in Vienna, with sites throughout Austria, SGS was founded in 1998. With a total of around 260 workforce, the company generates sales of around €75 mln a year.

SGS, as a subsidiary of Siemens Austria, focuses on technical facility management. In addition to Siemens, its customers include local logistics, real estate and industrial companies as well as public sector institutions.

Apleona has a local working relationship with Siemens going back many years, according to the firm.

Apleona CEO Dr. Jochen Keysberg said he expected the acquisition to result in faster organic growth in Austria, both with local clients and large international customers whose properties and real estate portfolios Apleona manages across borders throughout EMEA.

Commented Keysberg: 'SGS will strengthen our market position in Austria. Its focus on technical services means it will be a perfect fit with our core business and be the ideal addition to Apleona’s business model, which has deep roots in the DACH region.

'We will now be even better able to serve those customers in Austria who require integrated FM services from a single provider and, in particular, technical services provided in-house.'

Gerd Pollhammer, head of Siemens Smart Infrastructure at Siemens AG Austria said: 'In Apleona we are very pleased to have found a new ideal owner for SGS. We are convinced that the combination of Apleona and SGS will result in added value for employees and customers alike.

'This will be reflected not only in an improved service offering, leading market quality, but also in broader regional coverage. At the same time, with the transactions, Siemens sharpens its portfolio as a focused technology company in Austria.'

The transaction will require customary approval from the antitrust authorities. Subject to that being given, the deal is expected to be completed during the second or third quarters of 2022.