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Manufacturing Industry

SAS sells its subsidiary to Coor Service Management

Airline Industry Information,  April 25, 2008  

AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD

Scandinavian airline SAS Group said on Friday (25 April) that it has sold Facility Management to Coor Service Management, thereby making Coor the general service supplier to SAS in Denmark, Norway and Sweden.

The total value of the agreement is SEK1,750m, SAS said.

The transaction comprises property, production and workplace-related services, such as building maintenance, conference services, reception, energy, post handling and projects.

Some 130 people within SAS Facility Management Sweden AB in Scandinavia will be transferred to Coor.

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SAS representative said that the transaction is in line with SAS's strategy of streamlining operations and increasing focus on our core business.

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COPYRIGHT 2008 M2 Communications Ltd.
COPYRIGHT 2008 Gale, Cengage Learning