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11. October 2009

GER - Wisag takes over ThyssenKrupp Industrieservice

Wisag is taking over ThyssenKrupp Industrieservice GmbH from the Düsseldorf based ThyssenKrupp Group with effect from October 1st 2009.

The facility management services company headquartered in Frankfurt is already operating in the market for services to production enterprises through WISAG Gebäudeund Industrieservice and WISAG Elektrotechnik. In acquiring this ThyssenKrupp subsidiary WISAG is supplementing its portfolio with production-related services.

Mr Michael C Wisser CEO of Wisag said that "The acquisition of ThyssenKrupp Industrieservice represents for us a forward-pointing expansion of our capabilities in the direction of core processes for industrial customers. The expertise of the employees will position us closer to production. The strategic set up will open up numerous synergies for both our present customers and those of ThyssenKrupp Industrieservice."

The takeover will enable Wisag to systematically expand its market presence. Whereas previously the range of services covered in particular the buildings of the production facility, the company can now provide production related services, thus expanding the breath and depth of its value chain in this sector of industry.

ThyssenKrupp Industrieservice’s ongoing business will for the time being not undergo any changes; it is to continue to operate autonomously and the company will continue to offer its established services portfolio.

Mr Wolfgang Winter management board member at Wisag and in charge of industrial services said that "When it comes to integration, our principle is stability rather than speed. It’s important for us that the process settles down and that employees are given a new sense of security. After all, their knowledge and dedication are the foundations for the company’s economic success."

Mr Edwin Eichler member of the Executive Board of ThyssenKrupp AG said that "We’re confident that in the form of WISAG we have found a reliable partner for ThyssenKrupp Industrieservice, one that will develop the company according to the best-owner principle. The experience we gained with WISAG in selling our facility services subsidiary HiServ was extremely positive."

The parties have agreed not to disclose the purchase price. The deal is subject to approval by the relevant bodies including the normal review by the antitrust authorities.

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