Noerr advises ISS Deutschland on acquisition of planning company Pluralis
Noerr has advised Danish services group ISS on another transaction: At the turn of the year, its German subsidiary ISS Facility Services Holding GmbH acquired all shares in Düsseldorf based PL2 Pluralis Planungsgesellschaft mbH.
ISS is one of the largest facility services providers in Germany. In its real estate servicing business, particularly in the context of managing large real estate portfolios of corporate customers, construction activities regarding maintenance and renovation of real estate are becoming increasingly important. Accordingly, there is a growing demand from real estate customers for construction planning and supervision skills and capacities from their facility management service provider. Such skills and capacities will also be pivotal in the Deutsche Telekom contract which ISS will take over from mid-2019.
By way of the Pluralis acquisition, ISS shall now considerably strengthen its capacities in this sector. Pluralis runs offices at six locations in Germany specialises in general planning, building refurbishment, energy solutions and fire protection.
A team led by Noerr partners Christoph Spiering and Armin Bartsch (both Corporate/M&A) provided ISS Deutschland with legal advice, once again successfully collaborating with Frankfurt-based M&A consulting firm Consus Partner.
Noerr regularly advises ISS, the world's leading provider of facility services, most recently on taking over Deutsche Telekom’s major real estate contract, acquiring the specialised services provider Evantec from palero and taking over STRABAG’s telecommunications division with 3,000 employees.
Advisors to ISS Deutschland: Noerr LLP
Dr Christoph Spiering (Hamburg) and Dr Armin Bartsch (Berlin, joint team lead, both Corporate/M&A), Dr Stefan Schwab (Employment & Pensions), Dr Florian-Felix Marquardt (Tax), Dr Clemens Schönemann (Real Estate Investment Group, all Berlin)
Associates: Dr Manuel Weiß (Corporate/M&A), Phil Beetz, Grit Döpke (both Real Estate Investment Group), Robert Pahlen (Antitrust Law, all Berlin)