YY Group Holding Limited Acquires Property Facility Services Pte. Ltd.
Deal News | Feb 03, 2025 | Globenewswire
YY Group Holding Limited, a Singapore-based company, has acquired Property Facility Services Pte. Ltd. to strengthen its position in the Integrated Facility Management (IFM) industry. This acquisition is expected to boost YY Group's revenue by $28 million over the next three years. The integration of PFS's expertise and operations into YY Group's existing divisions aims to create a comprehensive IFM division offering sustainable and cost-effective solutions. The expansion aligns with YY Group's strategic goals, leveraging technological advancements to meet increasing market demands for intelligent facility management.
Sectors
- Integrated Facility Management
- Technology and Data Services
Geography
- Singapore – The acquisition is based in Singapore, where YY Group and Property Facility Services operate, aiming to dominate the local IFM market.
Industry
- Integrated Facility Management – The acquisition strengthens YY Group’s foothold in Integrated Facility Management, a sector seeing global growth due to technological and sustainability trends.
- Technology and Data Services – YY Group is a data-driven company focused on technological advancements, aligning with their strategy to provide intelligent facility management solutions.
Financials
- $28 million – Projected revenue increase for YY Group over the next three years following the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| YY Group Holding Limited | Bidding Company | Company | A Singapore-based company specializing in data and technology-driven labor matching and smart cleaning solutions. |
| Property Facility Services Pte. Ltd. | Target Company | Company | A well-established company in the Integrated Facility Management sector with 24 years of industry experience. |
| Hong Ye Group Pte. Ltd. | Other Company | Company | Part of the integration process in creating a comprehensive IFM division within YY Group. |