Bidvest buys Australian cleaning company for R1.8 billion

The purchase is effective 7 July 2022 and will be settled from the group’s international bond proceeds raised in October 2021.

The company employs almost 2,500 people across 3,250 sites and its client base primarily comprise premium A-grade offices in New South Wales. Over the years, BIC is supported by a web-based reporting system that can be integrated into client systems and an interactive customer experience platform. “We are excited to have found a business and management team that I believe can contribute to advancing Bidvest’s international growth strategy and add value to a stakeholder base that now includes Australia”, said Mpumi Madisa, Bidvest chief executive.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bidvest scoops up Australian cleaning business for R1.8bnThe acquisition of BIC Services adds a business employing 2,500 people, mainly cleaning offices in New South Wales
Source: BDliveSA - 🏆 12. / 63 Read more »

Huge Group buying company formerly known as Virgin Mobile South AfricaSouth African telecoms and technology company Huge Group has announced it will acquire Tethys Mobile, the company formerly known as Virgin Mobile South Africa.
Source: mybroadband - 🏆 11. / 67 Read more »