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Savills Singapore acquires stake in cleaning firm Absolute Maintenance Services

By Atiqah Mokhtar

/ EdgeProp Singapore |

September 6, 2022 4:29 PM SGT

Marcus Loo (left), CEO of Savills Singapore and Chris Marriott, CEO of Savills South East Asia (Picture: Samuel Isaac Chua/The Edge Singapore)

SINGAPORE (EDGEPROP) - Savills Singapore has announced the acquisition of a majority stake in Absolute Maintenance Services (AMS), a group focused on cleaning and sanitising services. In a Sept 6 press release, the firm describes the acquisition as a strategic move into the facilities services sector, expanding its property and facilities management platform.

Read also: Changing needs and Covid-19 driving facility management firms to up their game

This acquisition expands the depth and breadth of its client offering in project management (PM), integrated facilities management (IFM) and facilities services enabling us to offer clients more excellent value, says Savills Singapore CEO, Marcus Loo. Meanwhile, Savills Southast Asia CEO Chris Marriott says that the transaction positions the firm as a leading player in the PM, IFM and facilities services sectors. “The acquisition also meets our corporate strategy: To build a robust business model that balances high-value recurring income with our transactional agency income, creating a business that will thrive and survive under all economic circumstances,” he adds.

AMS provides cleaning, disinfecting and sanitising solutions for large-scale facilities, servicing clientele from across government, institutional and commercial sectors. AMS managing director Ken Lee says he sees many synergies and growth opportunities between the two companies. This is given Savills Singapore’s position in MCST (Management Corporation Strata Title) commercial and residential strata management and its growing presence in the IFM marketplace.

Tags:

Savills Singapore facilities management integrated facilities management Absolute Maintenance Services

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