Differentiated service providers in the Nordics
Asteri Facility Solutions (Asteri) is a facility management service provider in Sweden. The company is headquartered in Stockholm and operates in Sweden’s largest metropolitan areas. Core competence lies in services around workplaces, including for example, regular cleaning of offices or factories, special or intensive cleaning services, window cleaning, reception services, coffee machines and other components of an attractive working environment. Asteri is also the exclusive partner of large hotel chains for daily room cleaning. The company serves both public and private corporate clients in a variety of industries.
Palmia is a leading Finnish service provider for schools, day cares, hospitals and other facilities operated by the public sector. The company is headquartered in Helsinki and its services are offered in Southern Finland. Business areas include food services, cleaning services, security services, and real estate services.
Strategy
The strategic focus for Asteri is on expanding the service portfolio, grow revenue and increase market shares with the goal to become one of the leading providers of sustainable facility management solutions in Sweden.
Palmia’s strategic initiatives are focused on cost-optimisation, strengthening its core business segments, expanding its presence in Finland and the existing client base, offering its services also to private company clients. To support organic growth with sustainable profits the company is optimizing and developing the existing service portfolio as well as its operating model. The organic growth is expected to be supported by strategic add-on acquisitions.
While operationally independent, the two companies are expected to enable each other by sharing best-practice and supporting each other in the application of innovations in the facility management industry.
Headquarters | Stockholm, Sweden and Helsinki, Finland |
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Seller | Polaris, City of Helsinki |
Year of Acquisition | 2021, 2023 |
Revenues | EUR 145 m |
Segment | Goods & Services |