City Service
City Service acquires residential facility management company in Spain
DGAP-News: City Service AB / 14.05.2014 / 17:00 --------------------------------------------------------------------- Vilnius, Lithuania, 2014-05-14 17:00 CEST (GLOBE NEWSWIRE) -- City Service group enters residential facility management market in Spain. Concentra, a Group company active in Spain's market, has acquired Administraciones Santa Pola S.L., that manages 211 000 sq. m. of residential facilities in Alicante province. Revenues of acquired company were EUR 115.000 in 2013, and managed turnover reached EUR 1.4 million. The company was acquired for EUR 90.000. This is our first step in highly fragmented Spain's residential facility management market, where most companies are really small. We will actively search for more acquisitions in the future, stated Jonas Janukėnas, Director General of AB City Service. Vilius Mackonis, Director of Marketing and Communication Department +370 5 239 4900 News Source: NASDAQ OMX End of Corporate News --------------------------------------------------------------------- 14.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: City Service AB Lithuania ISIN: LT0000127375 End of News DGAP News-Service --------------------------------------------------------------------- 268496 14.05.2014
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