Facilities group Servest expects to pass £1bn turnover mark with new acquisition
East Anglian facilities giant Servest is expected to pass the £1bn turnover mark following an acquisition.
The group has bought manufacturing support services company Aktrion Group for an undisclosed sum, in a move which it claims will take it past the revenue milestone.
Outsourcing firm Aktrion, based in Shropshire, runs and supports business and manufacturing operations for international clients.
The company’s interest for Servest lies in its specialist services – including a dedicated automotive team – plus the ability to reach more customers globally.
The Bury St Edmunds-based group says the deal with enable it to play a “leading role” in the global manufacturing market and help with the development of its operational systems.
The Aktrion acquisition will build on Servest’s joint venture with French services group Atalian, launched in 2016, to provide facilities management services across Europe.
Rob Legge, Servest group chief executive, said: “Through a combination of organic and acquisitive growth, Aktrion has successfully developed a worldwide business, with a strong presence in printing, automotive, food and transport sectors, supporting its blue-chip client base. This acquisition will therefore enable Servest to gain a larger footprint in these sectors, and will allow us to increase our presence in Europe – as we will now operate across 10 European countries.
“The demand for complex, integrated solutions will ensure our growth will continue to accelerate moving forward. It’s an exciting time for our colleagues and our customers.”
Aktrion chairman Ben Pearson said: “We firmly believe this is a positive move for Aktrion – one that will really allow the group to prosper and develop.
“Our commitment to delivering operational excellence and building long-term relationships mirrors Servest’s ethos, so this is a great cultural fit and we’re really excited to offer existing customers the chance to benefit from Servest’s solutions.
“With the senior management team remaining in the business, we’re all really looking forward to what the future holds.”
Servest is in the EDP/EADT Top100 list of the region’s biggest firms and employs 300 people in Bury St Edmunds.