ISS Facility Services India Pvt. Ltd. (ISS) has announced acquisition of Godrej HiCare Ltd. (GHCL), a subsidiary of Godrej Industries. Godrej HiCare is the leading service provider for pest control services in India and its acquisition grants ISS access to an extensive network and franchise base built by the Godrej HiCare across 18 cities. With this acquisition, Godrej HiCare will become a wholly owned subsidiary of ISS and will be integrated into the ISS brand. Commenting on the acquisition, Mr. Jolly Kochery, Country Manager, ISS Facility Services India Pvt Ltd. said, “We are pleased to announce the acquisition of Godrej HiCare as it is a strategic fit to our existing service portfolio. This acquisition will not only help us to fortify our presence in the Facility Service industry but will also help realize our vision of becoming the number one player in this segment. Despite the economic downturn, we feel that the Godrej HiCare business model has great intrinsic strength and will help us achieve our strategic objectives. Our international standards, global best practices and excellence in service delivery will ensure that
we are well geared to meet the expectations of current and potential clients alike.” Speaking on the occasion, Mr. A Mahendran, Director, Godrej HiCare Limited, “We have used our entrepreneurial spirit and sound management practices to successfully build the Godrej HiCare business in a short span of time. However, as a group we feel that for the business to realize its optimal potential, it needs to be scaled up by a player who has in-depth understanding of the sector. We believe that ISS, with its successful track record and presence across 50 companies globally, is poised to take this business to new heights in India.” ISS is one of the world’s largest facility services provider and provides complete end-to-end solutions across cleaning and housekeeping, office support, catering, property and pest control services as well as integrated facility services.
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Its a M&A meant to be doomed..The work culture at ISS and the mismanagement is legendary.
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