Workflow
Integrated Facility Management
icon
Search documents
YY Group Holding Limited Strengthens IFM Division with Acquisition of Pesticide Pest Control Pte. Ltd.
Globenewswire· 2025-07-01 11:00
Core Insights - YY Group Holding Limited has announced the acquisition of Pesticide Pest Control Pte. Ltd., which will be rebranded as Pest Fighter Management Pte. Ltd., enhancing its integrated facility management (IFM) capabilities [1][2][8] Group 1: Acquisition Details - The acquisition is expected to close on July 1, 2025, marking a significant step in YY Group's growth strategy [2] - Pest Fighter will enhance YY Group's service offerings, including pest control, cleaning, landscaping, maintenance, and security, creating a more comprehensive IFM service portfolio [3][4] Group 2: Strategic Integration - The integration of Pest Fighter is part of YY Group's broader strategy to create a fully integrated IFM ecosystem, supported by the proprietary digital platform 24iFM [5][8] - This acquisition follows previous strategic acquisitions, including Property Facility Services and Uniforce Security, aimed at expanding YY Group's operational capabilities [7][8] Group 3: Financial Outlook - YY Group projects that the integration of Pest Fighter will significantly contribute to its revenue growth, with annual revenue expected to rise from S$26.3 million in 2023 to S$96.0 million by 2028, reflecting a compound annual growth rate of 29.1% [9] - The acquisition is anticipated to improve client retention, enhance the value of bundled services, and increase profit margins [10] Group 4: Vision and Commitment - YY Group aims to revolutionize the IFM sector through innovation and synergy, positioning itself as a preferred partner for property managers and institutional clients [11] - The company emphasizes its commitment to service excellence, operational innovation, and long-term value creation for clients and shareholders [16]
YY Group Acquires Uniforce Security with US$6.4 Million Revenue, Entering Singapore's US$88 Billion Security Market
GlobeNewswire News Room· 2025-06-05 12:00
Core Insights - YY Group Holding Limited has announced the acquisition of Uniforce Security Pte Ltd, enhancing its Integrated Facility Management (IFM) division and commitment to providing advanced solutions globally [1][2] Group 1: Acquisition Details - The acquisition of UFS strengthens YY Group's position in the security market and facilitates collaboration across its ecosystem, leveraging UFS's established reputation [2][3] - UFS's integration into YYGH's IFM division allows for a broader range of services to its existing clientele, positioning YY Group as a comprehensive solution provider [3] Group 2: Strategic Vision - YY Group aims to unify protocols, integrate advanced technology, and offer bundled services to enhance client satisfaction following the acquisition [4] - The integration will occur in three phases: service and SOP alignment, technology integration, and commercial synergies [8] Group 3: Leadership and Expertise - UFS's current Managing Director, Chew Chee Keong, will continue to lead the Security division, ensuring continuity and growth [5] Group 4: Financial Impact - The acquisition is expected to generate US$35 million in revenue for YY Group over the next three years, with UFS contributing approximately US$6.4 million in 2024 [6] - The security sector in Singapore is valued at US$88 billion and is projected to grow at a CAGR of 5.27%, reaching US$114.7 billion by 2028 [6] Group 5: Company Overview - YY Group is a technology-enabled platform providing flexible workforce solutions and IFM services across Asia, operating in sectors such as hospitality, logistics, retail, and healthcare [12][13]