Spotless Group Limited (SPT) today announced it has signed a conditional agreement to acquire privately owned international cleaning and related services company, CE Property Services Group (widely known for the Cleanevent and CleanDomain brands). The Group has revenues of over AUD$140 million, with approximately 60 per cent of revenues generated in Australia. The strategic acquisition would provide an expanded geographic footprint for Spotless’ Facility Services operations into the United Kingdom, Europe, the United States and Middle East and increased scale and efficiencies in the Australian market. The acquisition would further consolidate Spotless’ position as a leading supplier of outsourced services – which currently span facilities management, asset maintenance, food services, cleaning services, laundry and retailer services (retail supply chain logistics, garment hangers, packaging).
According to Spotless Managing Director and CEO, Josef Farnik, the proposed acquisition of CE Property Services Group is in line with the company’s strategic growth plans and would be comfortably funded from existing debt facilities. “CE Property Services Group is a natural fit with Spotless and would enable us to offer additional services to existing and potential clients, improve outsourcing efficiencies and ultimately increase value for our clients. Importantly, its international footprint would deliver an important building block in our growth plans. “The acquisition would deliver immediate benefits to Spotless; access to a significant client base in new and existing geographies, an enhanced reputation as a premier services provider to major events and venues globally, and a dedicated group of employees from CE Property Services Group,” said Mr Farnik. “CE Property Services Group’s global reach, respected reputation and customer relationships combined with Spotless’ range of services, depth of experience in outsourced services and corporate strength would ensure the combined teams create exciting growth opportunities for Spotless, our clients and our employees,” said Mr Farnik.
CE Property Services Group provides cleaning, environmental waste management, housekeeping and security services in over six countries and employs approximately 4,000 people. With more than 200 clients across the retail, hospitality and commercial sectors, the business has a prestigious portfolio of contracts spanning major sporting stadiums, International Air Shows, Olympic Games and F1 Grand Prix events. Spotless Group – is a leading multi-national services organisation comprised of Facility Services and Retailer Services. Established in 1946, Spotless is listed on the Australian and New Zealand Stock Exchanges and employs more than 30,000 people. Its services include Facility Services and Retailer Services. CE Property Services Group is an international provider of cleaning and related services, operating in more than six countries and employing approximately 4,000 people. Established in Melbourne 1987, with cleaning services to the Melbourne Cup Carnival, the business now services some of the world’s leading and most prestigious venues and major events spanning major sporting stadiums, International Air Shows and Olympic Games and F1 Grand Prix events, in addition to shopping centres and hotel chains.
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