TD News International
Strabag PFS loses large Telekom order to ISS
Deutsche Telekom has awarded the facility management for approx. 9,000 German locations to ISS. Its cooperation with the former FM service provider Strabag PFS will end in June 2019. For Strabag PFS, this means a loss of over half a billion euros in revenue. The company recently saw an annual turnover of around €1.1bn. The Telekom account involved approx. 3,300 employees, including 800 executives. “After 2019, without this account, our performance will drop substantially at first,” said Hannes Truntschnig, member of the Strabag executive board and chairman of its supervisory board. For ISS, this contract is the largest so far in the firm’s history. It will commit roughly 6,000 of its employees to the ten-year contract.
Subscribers to our premium service have access to this article in full as well as to an additional 450,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany's leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.