| City Service acquires new company in Lithuania On 9 August 2018 City Service SE, through its Lithuanian subsidiary UAB City Service Engineering, specializing in facility and energy management services for commercial clients, acquired UAB Unitechna. UAB Unitechna provides fuel service station construction, it’s equipment’s trading and technical maintenance services for the main fuel service stations, operating in Lithuania. This share sales- purchase transaction was completed after Lithuanian Competition Council has granted authorization and after fulfillment of other commitments of the parties provided in the agreement. The goal of this acquisition is to develop a range of specialized facility management services for commercial segment clients. "So far, our company has not carried out services of this type. Nevertheless, we see great opportunities for our current and future clients to offer a wider range of services and with this acquisition there are synergy possibilities with services that are rendered by Unitechna and City Service Engineering", - says Tomas Sujeta, director of UAB City Service Engineering. Last year, UAB Unitechna reported EUR 5.9 million sales revenue and earned EUR 0.5 million net profit, in 2016 - respectively EUR 3.8 million euros sales revenue and EUR 0.14 million net profit. City Service SE is an international holding, active in Poland, Lithuania, Latvia, Spain and Russia (St. Petersburg). The Company provides integrated utility services to 35.8 million sq. meters of building area. The Company engages in facility management process administration, engineering systems maintenance and repairs, energy resources management and renovation, buildings’ technical and energetic auditing, territory maintenance and cleaning and provides security services. Consolidated revenue of City Service SE was EUR 160.9 million in 2017. Artūras Gudelis Chairman of the Management Board +370 5 239 4900 | |
