Investment holding company, Kagiso Tiso Holdings (“KTH”) announces the successful acquisition of a 51% shareholding in the Servest Group (“Servest”) to form the largest, majority black-owned, facilities management company in Africa, in a transaction valuing the group at approximately R4.5 billion.
Kevin Derrick, CEO, South Africa and Africa, Servest, during his interview on DSTV's Captains of Industry Programme hosted by Gugu Mpfuphi.
Leading Multi-Service Group provider undertakes new appointments. The Servest Group, the leading international provider of integrated solutions, recently restructured its divisional boards and appointed four highly skilled individuals to the Servest management team.
Leading outsourced services provider Servest Group has acquired camp management and catering business ACMS Shelela as part of its growth and diversification strategy. The Group identified the company as a key strategic partner to complement its existing business and plans for expansion and growth in the South African facilities and outsourcing sector.
With Alchemist we can now optimise and leverage leadership across the Group’s divisions as part of our extensive staff development strategy
Servest is pleased to announce that the Group has launched a new Leadership Development Programme aptly named The Alchemist. This innovative two year programme is targeted at developing a sustainable pool of competent leaders to ensure the Group’s continued growth. “The programme is part of our ambitious staff development drive to achieve our expansion targets and reinforces our commitment to be the employer of choice”, says Dennis Zietsman, Group Deputy Chairman and Alchemist Programme Director.
In 2012, Servest Group and Future Group partnered to deliver a “one day MBA in Planet Management” under the banner of The Greenest Event. This year Servest will again participate as the headline sponsor to deliver what has been termed the most important gathering of environmentally conscious business experts since COP 17.
We are pleased to announce that after an independent B-BBEE Premier Verification Report, Servest Cleaning division was awarded a Level 2 B-BBEE certificate confirming that Cleaning has raised their compliance with the Department of Trade and Industry’s Code of Good Practice. Servest Cleaning achieved a BEE Recognition level of 125% and are acknowledged as a “Value Adding Supplier”.
Acquisition widens offer and accelerates growth plans. Multi service provider Servest has acquired independent catering business 7 Day Catering as part of its growth and diversification strategy.
The Servest Group is pleased to announce the successful acquisition of water purification specialists Hydro Health. The acquisition boosts the Group’s multi-service integrated outsourced offering with an all-inclusive range of water purifiers and support services. Hydro Health are the market leaders in high quality water filtration systems supplying a comprehensive range of products with added customer support and services to clients throughout South Africa.
The Val De Vie Estate has signed a three-year contract with the Servest Group for landscaping services after an extensive tender process with four selected parties. The contract was awarded based on the Servest Group’s innovative and cost-effective landscape solutions.