ISS acquires Godrej HiCare
ISS Facility Services India Pvt. Ltd has acquired Godrej HiCare Ltd (GHCL), a subsidiary of Godrej Industries and a leading service provider in pest control services. The acquisition gives ISS access to an extensive network and franchise base built by Godrej HiCare across 18 cities. Commenting on the acquisition, Jolly Kochery, Country Manager, ISS, said, “This acquisition will not only help us to fortify our presence in the Facility Service industry but will also help realize our vision of becoming the number one player in this segment. Despite the economic downturn, we feel that the Godrej HiCare business model has great intrinsic strength and will help us achieve our strategic objectives.”
A. Mahendran, Director, Godrej HiCare, said, “As a group we feel that, for the business to realize its optimal potential, it needs to be scaled up by a player who has in-depth understanding of the sector. We believe that ISS, with its successful track record and presence across 50 companies globally, is poised to take this business to new heights in India.”
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