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Bidvest scoops up Australian cleaning business for R1.8bn

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The acquisition of BIC Services adds a business employing 2,500 people, mainly cleaning offices in New South Wales

Industrial conglomerate Bidvest, whose diverse interests include freight management and industrial products, has bought Australian cleaning services group BIC for A$160m , part of its strategy to bulk up its interests in facilities management.

The acquisition of Sydney-headquartered BIC will add almost 2,500 staff, with the BIC’s client base primarily that of premium offices in New South Wales. Its core cleaning service is augmented by a full range of hygiene, waste, maintenance and other ancillary services, the group said, while current management had signed agreements and remained committed to the business...

 

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