In a statement, Interserve’s board says the combined group will become one of the largest providers of support services in the UK, and that it will be ranked within the top three UK providers in terms of revenue.

The statement also extols the benefits to be gained from the group’s increased scale, which it says will “underpin future business performance and growth and offer an attractive proposition for the customers, partners and employees of both companies”.

Among the benefits suggested, Interserve points to the enlarged group’s “greater breadth of services and capabilities” that will “allow the group to broaden its customer proposition”.

Of particular note is the suggestion that the increased scale of the group will allow it to “self-deliver certain services that are currently subcontracted”.

Interserve further expects the combined group to be able to have a “wider addressable market” as a result of Initial Facilities having a greater proportion of contracts in the private sector.

Adrian Ringrose, chief executive of Interserve, said: “We believe that this acquisition will deliver significant strategic progress in growing one of our core businesses and will make us a top-three player by revenue in the UK facilities services market. – See more at: http://www.fm-world.co.uk/news/business-news/interserve-to-acquire-initial-facilities/#sthash.gcUd1w9q.dpuf

In a statement, Interserve’s board says the combined group will become one of the largest providers of support services in the UK, and that it will be ranked within the top three UK providers in terms of revenue.

The statement also extols the benefits to be gained from the group’s increased scale, which it says will “underpin future business performance and growth and offer an attractive proposition for the customers, partners and employees of both companies”.

Among the benefits suggested, Interserve points to the enlarged group’s “greater breadth of services and capabilities” that will “allow the group to broaden its customer proposition”.

Of particular note is the suggestion that the increased scale of the group will allow it to “self-deliver certain services that are currently subcontracted”.

Interserve further expects the combined group to be able to have a “wider addressable market” as a result of Initial Facilities having a greater proportion of contracts in the private sector.

Adrian Ringrose, chief executive of Interserve, said: “We believe that this acquisition will deliver significant strategic progress in growing one of our core businesses and will make us a top-three player by revenue in the UK facilities services market. – See more at: http://www.fm-world.co.uk/news/business-news/interserve-to-acquire-initial-facilities/#sthash.gcUd1w9q.dpuf