Largest Hungarian Facility Operator Expands Further

Domestic and regional facility management (FM) market leader B+N Referencia Ltd. is continuing to strengthen its international presence outside Central and Eastern Europe, with 40% of the group's revenues coming from foreign operations already this year. With the acquisition of Italy-based Sagad, the Hungarian-owned company has gained new industry knowledge, significant Western European experience and a new customer base.

A company statement says the activities of B+N Referencia Ltd. cover a wide range of areas, from technical maintenance of facilities, cleaning and hygiene services to related research and development. The company has for many years placed great emphasis on foreign acquisitions, which have so far been limited to neighbouring and regional countries. The Group's hygiene services are present in the facilities of many multinational companies and public institutions, from Vaclav Havel Airport in Prague to Legia Warszawa stadium in Poland. However, the acquisition of Sagad will also give it the knowledge and experience to strengthen its portfolio.

“The Italian company has been operating successfully and profitably since 1950 and is active in areas such as hygiene services for specialised industrial facilities, including nuclear power plants, but also has extensive experience in the technical management of public and residential buildings. And the operating model of the industry association, which is almost unavoidable in facility management there, can be a useful guide for the domestic industry, for example to ensure the most transparent competition in the market”, Ferenc Kis-Szölgyémi, CEO of B+N Referencia Ltd., said in connection with the acquisition.

Sagad s.r.l. has its headquarters in Rome and Milan, and its clients include numerous Italian ministries, agencies, university campuses and global companies. It is interesting to note that B+N Referencia Ltd. has already successfully closed two other foreign acquisitions this year, both of them in the Czech Republic in the field of building management, maintenance, landscaping and gardening. The combined turnover of the two Czech companies was close to EUR 7 million in 2022, the statement concludes.