Cofely Acquires LLFM

Cofely has acquired Lend Lease Group's UK Facilities management firm (LLFM).

LLFM currently provides a range of FM services across the UK and Ireland. Cofely will take over the contracts currently held by LLFM. This is expected to provide Cofely with a revenue stream of £2.5 billion.

Commenting on the acquisition Jérôme Tolot, GDF SUEZ Executive Vice President, said: "The acquisition of LLFM reinforces our strategy to further evolve our business here in the UK. It continues to strengthen our service capability and our credentials as a leading UK service provider. LLFM has many synergies with our existing business and it will also provide us with the addition of a full lifecycle management capability. This will allow us to introduce and integrate new smart & low carbon energy efficient technologies into buildings for customers over the term of the contracts."


(CD/IT)