Sita newswire reports that investment group Penta Investments has concluded the deal to take over Czech facility management AB Facility as the channel through which it wants to penetrate the Czech market.
Penta Investments wants to build up AB Facility and enlarge the range of services it offers. At present AB Facility, comprising six companies, generates sales in the Slovak and Czech republics of about CZK 1.3 billion and employs 1,750 workers.
The cost of the acquisition is being kept secret, but it still has to be given the thumbs up by the Anti-Trust Authority.