Product category:
Facility Management and Building Services
News Release from: OCS
Edited by the Buildingtalk Editorial
Team on 26 March 2008
Integral and OCS in 'win-win' MandE
transfer
Leading property maintenance and support services companies Integral UK and OCS Group announce Integral's acquisition of the MandE division of OCS Engineering.
OCS' partnering arrangement is designed to ensure that its service activities focus on current customer need The 70 staff working for the GBP15 million OCS business based in Clapham will transfer to Integral's 2,500 workforce which includes Britain's largest mobile maintenance fleet
This article was originally published on Buildingtalk on 28 Nov 2006 at 8.00am (UK)
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The transfer will benefit Integral's operations in London and the South East whilst giving OCS access to Integral's nationwide coverage.
OCS chief executive, Chris Cracknell, said, "We work with a number of partners on joint solutions for our clients and it became clear that both OCS and Integral customers would benefit from transferring our non-core MandE operations to fill a gap in Integral's resource map.
Staff will transfer, including senior management, whose skills and commitment have established them as a force within the industry.
We have assured our customers that their service will continue successfully and without interruption".
According to Bryan Glastonbury, managing director of Integral UK, "We are confident that Integral will provide the MandE division with the opportunity to develop its full potential.
This is a real 'win-win' agreement for both companies.
There is great demand for Integral to grow its MandE resource in London and the South East and OCS can strengthen the partnering arrangements through which it can offer MandE services across the UK.
The business transfer, for an undisclosed sum, was structured by Deloitte Corporate Finance and Momentum Corporate Finance.
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