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Family-owned and – governed Sasse Group, which operates facilities management across the UK, has acquired 100 per cent of the shares of London-based family business, Capital Maintenance Ltd. The financial terms of the deal are undisclosed.
Capital Maintenance, which employs a workforce of around 100 highly skilled technicians, has been a reliable partner in the London market for 33 years. Its services range from project management to maintenance and servicing in the real estate sector. The qualifications of the team cover all technical trades from floor layers to engineers. Its customers include properties of the ‘Crown Estate’.
Sasse says the acquisition of the technical specialist has laid the foundation for a “strong future and a widened service portfolio in the UK markets”.
With a view to the intensive changes in hard FM and the challenges posed by the increased pursuit of efficiency and sustainability, Benny Wunderlich, the new Managing Director of Capital Maintenance and MD of Sasse UK said he is confident, that “this merger will enhance our market impact in favour of the rising demand for total FM”.
Dr. Laura Sasse, Co-Owner and CFO of Sasse Group, acknowledges the advantages of the take over for both companies. She said:“This strategic move strengthens our commitment to our clients and ensures we can deliver an even better experience across our service portfolio. Our Group is thereby strengthening its presence in the UK and expanding its potential as a full FM service provider.”
The acquisition of Capital Maintenance increases the number of Sasse employees in the UK to a current total of 1,500. Founded in 1976 in Munich, Sasse Group is a 100 per cent family-owned, international organisation with 8,900 employees. The company is lead by the second generation of the founding family.
