OREANDA-NEWS. City Service group enters residential facility management market in Spain. Concentra, a Group company active in Spain's market, has acquired Administraciones Santa Pola S.L., that manages 211 000 sq. m. of residential facilities in Alicante province.

Revenues of acquired company were EUR 115.000 in 2013, and managed turnover reached EUR 1.4 million. The company was acquired for EUR 90.000.

This is our first step in highly fragmented Spain's residential facility management market, where most companies are really small. We will actively search for more acquisitions in the future, stated Jonas Janukenas, Director General of AB City Service.